By Alex Lawson (November 3, 2021, 7:51 p.m. EDT) – The deal between the United States and the European Union to ease the burden on steel and aluminum tariffs is expected to give transatlantic trade relations, but will also force companies to navigate a new compliance environment in critical industrial sectors.

At first glance, the matter is simple. The United States will replace its 25% steel and 10% aluminum tariffs with a tariff rate quota, or TRQ, which allows a certain amount of imports into the United States without these levies. Once this threshold is reached, customs duties will be imposed on subsequent imports.

The deal resolves a multi-year feud with the Trump administration, …

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