Today, the US Department of Commerce (DOC) announced that the antidumping (AD) orders on carbon and certain alloy steel wire rod from Brazil, Indonesia, Mexico, Moldova, and Trinidad & Tobago and the countervailing duty (CVD) order on wire rod from Brazil will be continued for a further period of five years. There was one vote … Continue reading Third Sunset Review of AD and CVD Orders on Steel Wire Rod
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
From MSCI, Connecting the Dots On June 17, 2020, US Trade Representative Ambassador Robert Lighthizer testified before the US House Ways and Means Committee and the US Senate Finance Committee on the Trump administration’s trade agenda. The discussion with lawmakers included remarks on the United States-Mexico-Canada Agreement (USMCA), the World Trade Organization (WTO), and trade … Continue reading Ambassador Lighthizer Testifies On US Trade Policy
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
Friday, the Office of the US Trade Representative (USTR) published a notice of several additional product exclusions from List 4A of the Section 301 tariffs on imports from China. The USTR notice is here: https://www.awpa.org/wp-content/uploads/2020/06/Section-301-on-China-List-4A-New-Exclusions-12-June-2020.pdf There is one steel product on the list – Round wire of nonalloy steel, hot-dipped galvanized with zinc, containing by … Continue reading 301 Tariffs: Notice of Additional Product Exclusions
The hearing is scheduled for tomorrow, June 16, starting at 9:30 a.m. Anyone may “attend” the virtual hearing by following the instructions here: https://www.usitc.gov/calendarpad/events/usitc_hearing_no_in_person_hearing_carbon_and_.htm
On June 3, the US International Trade Commission (ITC) made an affirmative determination in the sunset review of the antidumping (AD) and countervailing duty (CVD) orders on carbon and certain alloy wire rod from China. The ITC unanimously determined that revocation of these orders would likely lead to the continuation or recurrence of material injury … Continue reading Sunset Review of AD Order on Steel Wire Rod from China – ITC Final Determination (First Review)
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
