Reuters has reported that one of the issues in the upcoming G7 Summit in Brussels will be the elimination of Section 232 Steel Tariffs, as indicated in language from a 7-page draft communique. “…the draft said: “We commit to work towards lifting before 1 December 2021 all additional/punitive tariffs on both sides linked to our … Continue reading The End of Section 232 Steel & Aluminum Tariffs with the EU?
European Commission Executive Vice President Valdis Dombrovskis, United States Trade Representative Katherine Tai and US Secretary of Commerce Gina M. Raimondo announced in a joint statement (below) that the United States and European Union would enter into discussions on global steel and aluminum excess capacity. As part of the agreement, the EU will delay doubling … Continue reading US-EU Excess Steel and Aluminum Capacity Negotiations to Begin, EU Retaliatory Tariff Increases Delayed
from Fred Waite and Kim Young, AWPA Counsel A three-judge panel of the U.S. Court International Trade (CIT) has issued a decision in the appeal of Section 232 tariffs on so-called “derivative” steel products by PrimeSource Building Products Inc. In a 2-1 ruling, the CIT found that former President Trump had violated the deadlines … Continue reading Section 232 Tariffs on Steel – CIT Decision in PrimeSource’s Appeal of Tariffs on Derivative Products
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
