Tit-for-Tat Tariff Measures and U.S. Trade Policy

An excerpt from the CRS Report, Tit-for-Tat Tariff Measures and U.S. Trade Policy (IN10927 July 11, 2018):

As a result of Section 232 investigations launched by the Administration, the United States has unilaterally applied new tariffs on steel (25%), aluminum (10%), and potentially auto imports from the EU, Canada, Mexico, China, and other countries. Some countries were exempted, generally based on quota agreements to limit the amount of steel and/or aluminum exports to the United States. The last time a president had taken restrictive trade action under this law was based on a 1983 petition submitted by the U.S. machine tool industry.

— Joe

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