Industry sources: Don’t extrapolate too much from Biden’s UAE tariff move

President Biden’s move to maintain national security-based tariffs on the United Arab Emirates likely isn’t indicative of how Section 232 duties will be handled broadly, industry sources said this week, suggesting the administration could opt to negotiate exemptions with key countries. The Trump administration in 2018 invoked Section 232 of the Trade Expansion Act of 1962 in imposing tariffs on steel and aluminum from a slew of countries, including some close allies. Others negotiated separate arrangements. In a proclamation issued...