Replacing Section 232 tariffs on European aluminium products with tariff-rate quotas will result in even more trade distortions and create additional market instability for companies in both Europe and the United States, the head of industry association European Aluminium has said.
The United States and the European Union (EU) reached an agreement over the weekend to replace the 10% tariff on aluminium imports and 25% tariff on steel imports, a decision that the association's director general, Gerd G??tz, called a "lose-lose situation.""Replacing the Section 232 tariffs with another trade-distorting measure is a lose-lose situation for the aluminium industry and their...