The EU Parliament has approved regulations allowing the European Commission to implement retaliatory duties against America’s section 232 duties on steel and aluminum. The EC believes U.S. actions are based on “safeguarding” rather than “national security”, and that in any event two groups of products aren’t even eligible for safeguarding protection under WTO rules. A first group of tariffs will be applied from June 20. That sets an effective fourth deadline (after March 29, May 1 and June 1 set by the U.S.) to reach agreements to avoid the duties. A second round of products may have tar...
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