UAE agrees to Section 232 quota deal on aluminum imports

Following discussions with the Trump administration, the United Arab Emirates has agreed to cap aluminum imports to the U.S., according to one of the final proclamations issued by President Trump. Trump in March 2018 imposed tariffs of 10 percent and 25 percent on aluminum and steel imports, respectively. Some countries negotiated quota arrangements to replace the tariffs, which were imposed via Section 232 of the Trade Expansion Act of 1962. The UAE and the U.S. have concluded negotiations on a...