Shimano could face higher costs if US-EU steel rhetoric plays out — Panjiva
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Shimano could face higher costs if US-EU steel rhetoric plays out

China 2918 European Union 782 Materials - Metals/Mining 713 Metals - Steel 484 Trade Deals 982 U.S. 5260

The US and EU have criticized environmentally unfriendly steel exports from China in follows to the Section 232 deal last month. This could be both an initiative to extend the EU’s carbon border policies to the U.S. as well as a way to pressure China as the Phase 1 agreement from the U.S. – China trade war nears expiration. The purchase commitments under the deal were largely missed, but were always contingent on ‘market conditions’. The U.S. and the EU joining up on climate protections on steel could create a large trading block with the assumption that USMCA pulls Canada and Mexico alo...

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