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Critical goods: don’t get by on your own supply
There’s been a revival in talk of industrial policy and supply chains on both sides of the Atlantic. We remain unconvinced it’ll go anywhere
World Economy News
17 May 2021 • 6 min read
Hello from Brussels. The EU just announced it’s not raising any further the duties it put on US imports in retaliation for Donald Trump’s steel and aluminium tariffs back in 2018, an increase that was due to come in on June 1. In return for this reprieve it gets . . . what, exactly? More talks, it would appear. The US says a more comprehensive strategy to address global steel overcapacity is needed before it can lift tariffs. Well, yes, and free ice cream and a souvenir Make Protectionism Respectable Again baseball cap for all, but overcapacity is mainly a Chinese problem. How is the EU supposed to deliver it?
Operator
Good afternoon, ladies and gentlemen, and welcome to the C.H. Robinson First Quarter 2021 Conference Call. [Operator Instructions] As a reminder, this conference is being recorded Tuesday, April 27, 2021.
I would now like to turn the conference over to Chuck Ives, Director of Investor Relations. Please go ahead.
Chuck Ives
Director of Investor Relations
Thank you, Donna, and good afternoon, everyone. On the call with me today is Bob Biesterfeld, our Chief Executive Officer; and Mike Zechmeister, our Chief Financial Officer. Bob and Mike will provide a summary of our 2021 first quarter results, and we will then open the call up for questions. This change to live Q&A from our previous practice of responding to pre-submitted questions is in response to valued input from our analysts and shareholders. Our earnings presentation slides are supplemental to our earnings release and today s comments and can be found in the Investor Relations section of our website at chrobins