Business Roundtable and European Round Table for Industry Statement on U.S.-EU Agreement on Section 232 Tariffs and Retaliatory Tariffs

November 1, 2021

Washington - Business Roundtable and the European Round Table for Industry (ERT) welcome the agreement reached by the U.S. government and EU Commission to modify Section 232 tariffs on EU steel and aluminum and to remove retaliatory tariffs on U.S. exports. These tariffs impose significant costs on manufacturers, service providers and farmers and have undermined the strong transatlantic relationship. 

We continue to strongly disagree with the use of Section 232 in this case and urge the United States and the EU to continue to work together to fully remove remaining tariffs and restrictions on steel and aluminum trade. As the United States, the EU and others begin discussing cross-border carbon intensity trade policies, and continue work on overcapacity issues, we also urge governments to consult closely with industry through each stage of any negotiations.