The European Commission has announced that it will impose additional customs duties on certain products from the United Stated (US) if the US does not extend EU’s exemptions from Section 232 tariffs on steel and aluminum imports beyond June 1.
Accordingly, the commission has stated that, at the first stage, additional duty of a maximum rate of 25 percent may be applied on certain products, including carbon and alloy flat and long steel products and steel pipes from the US, effective from June 20. At the second stage, further additional duty of a maximum rate of 10 percent, 25 percent, 35 percent or 50 percent may be applied on certain US products, effective from March 23, 2021 or upon the adoption by the World Trade Organization (WTO) Dispute Settlement Body of a ruling that the US safeguard measures are inconsistent with the relevant provisions of the WTO Agreement, if that is earlier, until the US safeguard measures cease to apply.