Imposed by presidential proclamations March 8, effective March 23, the new U.S. aluminum and steel tariffs do not apply to imports from NAFTA partners Canada and Mexico. Commerce Dept. is accepting applications to exclude products needed by domestic downstream...
The Broad-Gauge Impact of Section 232 Tariffs on Steel and Aluminum
Starting in March of 2018, the Trump Administration has deployed tariffs and import quotas on select steel and aluminum products under Section 232 of the Trade Expansion Act of 1962, which authorizes these measures to control imports in the cause of national security....
Chinese CORE Steel Imports Drop 80 Percent as US Tariffs Soar
The US Department of Commerce just released its final decision in its investigations into charges of dumping and illegal government subsidization of corrosion-resistant (CORE) steel from China, India, Italy, South Korea and Taiwan. But preliminary (and slightly...
US Tariffs on Chinese Steel Near 500%
US tariffs on Chinese steel imports could near 500% with the Commerce Department International Trade Administration’s preliminary decision to slap anti-dumping duties of 256% on corrosion-resistant steel – this on top of countervailing duties of 236% imposed in...
Global Trade Data: Pending U.S. Tariffs on China Trigger Market Shifts in Chips and Green Energy
As the U.S. doubles down on Section 301 tariffs on Chinese imports, competing industrial policies are already reshaping international trade dynamics – as Descartes Datamyne global import-export data shows. The U.S. Trade Representative (USTR) has invited comments on...
U.S.-China Trade Tariffs: Costs Start to Mount
As U.S.-China trade tariffs kick in – and more are threatened – the costs are just starting to weigh on business and consumers on both sides of the Pacific. The back-and-forth volley of tariffs between the U.S. and China that began in January hasn’t slowed for the dog...
Following Section 232 Tariffs: New Terms of U.S.-South Korea Trade
Recent agreements with South Korea to impose a quota on steel imports (instead of a 25% tariff); to lower KORUS FTA barriers to U.S. cars, trucks and auto parts. The end result may impact U.S.-South Korea trade patterns. Just before implementing new tariffs of 10% on...
U.S. Tariffs on Chinese Goods: Overview and Timeline
The world’s leading trade partners, the U.S. and China, are implementing tariffs on a growing list of goods. With new U.S. tariffs on Chinese goods, companies that rely on imports or exports need solutions to keep pace with wide-ranging, rapid-fire changes in the...
U.S. Deploys Protective Tariffs on Solar Panels, Washing Machines
Delivering on a promise to defend domestic industries, the U.S. raises protective tariffs on solar panels, washing machines; finds cause for new duties on alloy aluminum sheet from China. New protective tariffs on solar panels, washing machines and (coming soon) alloy...
Playing Whack-a-Mole with US Steel Imports
“It can be like whack-a-mole,” one steelmaker exec told us recently. “AD/CVD duties do have an effect, but there is so much excess steel capacity in the world that when, say, China is blocked, here comes the steel from someplace else. Countries are watching for any...