After months of negotiations, the United States and European Union have announced that the national security tariffs imposed by the Trump administration on imports of steel and aluminum will be lifted and replaced with a tariff rate quota (TRQ) system that will allow specified amounts of EU steel and aluminum to enter the U.S.

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On March 26, 2021, the United States Trade Representative (USTR) Katherine Tai announced that the United States is considering implementing up to 25% retaliatory tariffs on certain products of Austria, India, Italy, Spain, Turkey, and the United Kingdom for the Digital Services Taxes (DSTs) adopted or under consideration by those countries. If implemented, the retaliatory…

On March 5, 2021, the United States and European Union agreed to a four-month suspension of the retaliatory tariffs that had been imposed on both sides pursuant to the long running Airbus-Boeing dispute. The suspension will cover all tariffs including aircrafts and consumer products and will become effective as soon as internal procedures on both…