There is a famous line that if it moves, tax it. If it keeps moving, regulate it. If it doesn’t move, subsidize it. While this may not be a true reflection of how governments view the economy, it is correct that subsidies and tariffs are a never-ending source of conflict in international trade relations.    

 

While the world is focusing on COVID-19 vaccine nationalism and the negative effects of trade barriers, there is a dispute over steel and aluminium tariffs and quotas which is being overlooked. While it may appear technical at first sight, the Section 232 tariffs and quotas on imports have – and will continue to have – a huge impact on EU-US trade relations.

https://www.neweurope.eu/article/the-eu-and-us-must-steel-themselves-for-a-tariff-suspension/

 

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