Transcription of STEEL - commerce.gov
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STEEL - commerce.gov
Announcement of Actions on EU Imports Under Section 232 October 31, 2021 STEEL The United States will replace the existing 25 percent tariff on EU STEEL products under Section 2321 with a tariff-rate quota (TRQ) with a date of effectiveness of January 1, 2022. Under the TRQ arrangement, historically-based volumes of EU STEEL products will enter the market without the application of Section 232 tariffs as follows: 1. TRQ Amount: The aggregate annual import volume under the TRQ is set at MMT under 54 product categories and allocated on an EU member state basis in line with the 2015-2017 historical period.
quota will continue to be subject to a Section 232 duty of 10 percent, provided that they are not subject to an exclusion as per point 4 above. 6. Administration: The TRQ is calculated for each year of the measure and administered on a semi-annual basis, with no more than 60 percent of the TRQ to be filled in the first half of the year.
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