Global Arrangement on Sustainable Steel and Aluminum

{{Short description|Proposed joint tariff zone}}

{{Use British English|date=October 2023}}

File:Rolled steel transportation.jpg

The Global Arrangement on Sustainable Steel and Aluminum (alternative spelling Aluminium; abbreviated as GSA,{{Cite web |date=2023-07-27 |title=The EU–US global arrangement on sustainable steel and aluminium |url=https://www.e3g.org/publications/the-eu-us-global-arrangement-on-sustainable-steel-and-aluminium/ |access-date=2023-10-12 |website=E3G |language=en}} GASA,{{Cite web |date=2022-08-31 |title=Global Arrangement on Sustainable Aluminium: Together for climate-neutrality & market-based trade. Position paper |url=https://european-aluminium.eu/wp-content/uploads/2022/10/22-08-31-european-aluminium_gasa-position-paper.pdf |website=European Aluminium |access-date=2023-10-12 |archive-date=2023-10-14 |archive-url=https://web.archive.org/web/20231014141244/https://european-aluminium.eu/wp-content/uploads/2022/10/22-08-31-european-aluminium_gasa-position-paper.pdf |url-status=live }} or GASSA;{{cite web |last1=Mulholland |first1=Ryan |last2=Sutton |first2=Trevor |last3=Meyer |first3=Timothy |date=2024-05-20 |title=Designing a New Paradigm in Global Trade |url=https://www.americanprogress.org/article/designing-a-new-paradigm-in-global-trade/ |website= |type=Report |publisher=Center for American Progress |url-status=live |archive-url=https://web.archive.org/web/20241220190747/https://www.americanprogress.org/article/designing-a-new-paradigm-in-global-trade/ |archive-date=2024-12-20}} also called Green Steel Club{{Cite web |last=Allenbach-Ammann |first=János |date=2023-08-28 |title=EU, US green steel showdown: How to decarbonise trade |url=https://www.euractiv.com/section/economy-jobs/news/eu-us-green-steel-showdown-how-to-decarbonise-trade/ |access-date=2023-10-12 |website=www.euractiv.com |language=en-GB |archive-date=2023-10-14 |archive-url=https://web.archive.org/web/20231014141243/https://www.euractiv.com/section/economy-jobs/news/eu-us-green-steel-showdown-how-to-decarbonise-trade/ |url-status=live }}) is a proposed joint tariff zone of countries imposing import tariffs on aluminium and steel from “non-market economies” such as China. The Global Arrangement would eliminate the chance of reinstating Trump-era tariffs on steel and aluminium.

In 2021, the EU and US agreed to remove the US tariffs on aluminium and steel for specific quantities of aluminium and steel that were entirely manufactured within the EU, while they pursued a longer-term trade agreement.{{Cite web |title=Press corner |url=https://ec.europa.eu/commission/presscorner/home/en |access-date=2023-10-12 |website=European Commission - European Commission |language=en |archive-date=2019-06-21 |archive-url=https://web.archive.org/web/20190621200951/https://ec.europa.eu/commission/presscorner/home/en |url-status=live }} The tariffs, imposed by former President Donald Trump under Section 232 of the Cold-War Trade Expansion Act in 2018, targeted industries deemed crucial for national defence, with a 25 percent tariff on steel and a 10 percent tariff on aluminium. The World Trade Organization (WTO) ruled against these tariffs.{{Cite news |last1=Lawder |first1=David |last2=Blenkinsop |first2=Philip |date=2023-09-07 |title=Exclusive: EU, US 'green steel' plan to box out China stalls ahead of October deadline |language=en |work=Reuters |url=https://www.reuters.com/markets/commodities/eu-us-green-steel-plan-box-out-china-stalls-ahead-october-deadline-2023-09-07/ |access-date=2023-10-12 |archive-date=2023-10-11 |archive-url=https://web.archive.org/web/20231011051154/https://www.reuters.com/markets/commodities/eu-us-green-steel-plan-box-out-china-stalls-ahead-october-deadline-2023-09-07/ |url-status=live }} The EU retaliated and imposed tariffs on American goods, such as Harley-Davidson motorcycles and bourbon whiskey.{{Cite web |last=Harris |first=Lee |date=2023-10-11 |title=U.S. and EU Struggle to Form Green Steel Club |url=https://prospect.org/api/content/05f20312-679b-11ee-abd7-12163087a831/ |access-date=2023-10-12 |website=The American Prospect |language=en-us}}{{Cite web |title=POLITICO Pro: EU, U.S. push back deadline for green steel deal, diplomats say |url=https://subscriber.politicopro.com/article/2023/10/eu-us-push-back-deadline-for-green-steel-deal-diplomats-say-00120610 |access-date=2023-10-12 |website=subscriber.politicopro.com |language=en |archive-date=2023-10-14 |archive-url=https://web.archive.org/web/20231014141243/https://subscriber.politicopro.com/article/2023/10/eu-us-push-back-deadline-for-green-steel-deal-diplomats-say-00120610 |url-status=live }}

The Global Arrangement would likely break WTO rules.

References