The EU and U.S. deal to cut aerospace tariffs hasn’t been extended to steel even though imports have slumped and utilization has improved. The Biden administration’s semiconductor supply chain plans may help in the long, but not short, term. Also: BRP hits seasonal jump over supply chain constraints; supply chain inflation locked in as import prices rise at fastest since 2010; EU shrugs off Brexit drag to deliver faster export growth than U.S., U.K.; and Commerce goes into bat for Boeing, swings for phase 1 fences.