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28 Dec
16:08

US formalises EU quota arrangement

US President Joe Biden has made a presidential proclamation formalising the tariff-rate quota agreement on steel imports from the European Union. Through the end of 2023, 3.3 million tonnes of steel products will be allowed to enter the US from the EU tariff-free. Any shipments above this quantity will be subject to the 232 tariffs originally imposed in 2018 by then-President Donald Trump and maintained by the current administration. President Biden was careful t…
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