Reprinted from Metals Service Center Institute (MSCI) As S&P Global Platts reported last week, when asked about the Trump administration Section 232 tariffs on steel and aluminum imports, US Secretary of Commerce Gina Raimondo said they had been “effective.” Raimondo also noted, however, that the Biden administration will “review of all of these policies and … Continue reading Commerce Secretary Praises Section 232 Tariffs as Biden Administration Outlines Trade Agenda →

The Coalition of American Metal Manufacturers and Users (CAMMU), representing more than 30,000 U.S. manufacturing companies and over one million American workers, released a letter today to U.S. Secretary of Commerce Gina Raimondo providing data showing the continuing ineffectiveness of, and damage from, the Trump administration’s Section 232 tariffs on steel and aluminum imports. Secretary … Continue reading US Metal Manufacturers and Users to Secretary Raimondo: Data Show Section 232 Steel and Aluminum Tariffs Hurt American Companies →

The Coalition of American Metal Manufacturers and Users (CAMMU)  released a letter today sent to President Joe Biden requesting the immediate termination of the Section 232 tariffs on steel and aluminum imports enacted under the Trump administration.  Imposed almost three years ago, the Section 232 steel and aluminum tariffs have damaged US consuming industries that … Continue reading American Metal Manufacturers and Users Call on President Biden to Terminate Section 232 Tariffs →

On December 14, 2020, the Bureau of Industry and Security (BIS) of the US Department of Commerce published an interim final rule (“Interim Final Rule”) which makes changes to the process for seeking exclusions from tariffs imposed on steel (and aluminum) imports under Section 232 of the Trade Expansion Act of 1962. The Interim Final … Continue reading Changes to 232 Exclusion Process, and Generally Approved Exclusionss →

From MSCI: As Yahoo Finance reported, in a proclamation released late in the evening on Friday, August 28, President Donald Trump reduced the amount of steel that the United States can import from Brazil. The president said the US Secretary of Commerce had advised him “that there have been significant changes in the United States steel market … Continue reading After Threatening Tariffs, US President Places Caps On Brazilian Steel Imports →

Yesterday, the US Supreme Court ruled that it will not consider the appeal by the American Institute for International Steel (AIIS), Kurt Orban Partners, and Sim-Tex which challenged the constitutionality of the Section 232 statute.  Previously, the Court of Appeals for the Federal Circuit (CAFC) affirmed the decision of the U.S. Court of International Trade … Continue reading Supreme Court Denies AIIS Appeal →

With the release of the Annexes to the Presidential Proclamation issued late Friday, January 24, we now know that only the products noted in the proclamation have been added to the steel tariff coverage.  While the proclamation outlined the criteria for coverage – that criteria was applied only to nails and bumper stampings.  Nail products … Continue reading PRESIDENTIAL PROCLAMTION EXPANDING STEEL TARIFFS COVERS ONLY NAILS AND BUMPER STAMPINGS →

Late Friday night, the White House issued a Presidential Proclamation expanding the scope of the Steel and Aluminum tariffs imposed under Section 232. The Proclamation imposes tariffs on products derived from steel and aluminum which have surged since the imposition of the original 25% Steel tariffs and 10% Aluminum tariffs.  However, the Annexes which will … Continue reading PRESIDENTIAL PROCLAMATION ADDS PRODUCTS TO STEEL TARIFF PROGRAM →

The Federal Reserve has issued a working paper on the effects of the current tariff environment, including US tariffs and retaliatory tariffs on the US manufacturing sector. They estimate the impact of tariffs on manufacturing employment, output, and producer prices. They find that US industries “more exposed to tariff increases experience relative reductions in employment … Continue reading Federal Reserve Board Releases Paper on Effects of Tariffs on US Manufacturing →