WASHINGTON—The Biden administration’s deal to ease off steel and aluminum tariffs from Europe has won plaudits from much of U.S. industry, but a complex new quota system that comes with it has fueled concerns for small importers.
The deal, announced during the Group of 20 summit last weekend, allows the European Union to export steel and aluminum duty free until reaching a quota of 3.3 million metric tons of steel and 384,000 metric tons of aluminum a year.
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