U.S. tariffs on derivative steel, aluminum imports take effect
2020-02-10 16:36:08 [Print]
Amid wide opposition, U.S. administration's decision to increase tariffs on derivative steel and aluminum imports by 25 percent and 10 percent respectively took effect on February 8.
U.S. President Donald Trump signed a proclamation two weeks ago to raise tariffs on derivative steel and aluminum imports to cover nails, staples and other downstream products, calling it "necessary and appropriate."
Foreign producers of these derivative articles have increased shipments of such articles to the United States to "circumvent" the existing duties on steel and aluminum imports, threatening to undermine the administration's actions to address the national security risks, said the president.
Argentina, Australia, Brazil, Canada, Mexico and South Korea are exempt from the additional tariffs on derivative steel products, while Argentina, Australia, Canada and Mexico are exempt from the additional duties on derivative aluminum products, according to the proclamation.
U.S. President Donald Trump signed a proclamation two weeks ago to raise tariffs on derivative steel and aluminum imports to cover nails, staples and other downstream products, calling it "necessary and appropriate."
Foreign producers of these derivative articles have increased shipments of such articles to the United States to "circumvent" the existing duties on steel and aluminum imports, threatening to undermine the administration's actions to address the national security risks, said the president.
Argentina, Australia, Brazil, Canada, Mexico and South Korea are exempt from the additional tariffs on derivative steel products, while Argentina, Australia, Canada and Mexico are exempt from the additional duties on derivative aluminum products, according to the proclamation.
