Trade Cases
Brazil to Initiate WTO Complaint on Steel Duties by U.S.
Written by Sandy Williams
September 13, 2016
Brazil will fight the U.S. imposed dumping duties on steel products through a trade dispute at the World Trade Organization, according to Brazilian Trade Minister Marcos Pereira.
Reuters reported on Tuesday, that Pereira expects the Brazilian foreign trade office to approve the initiation of cases regarding cold-rolled and hot-rolled steel.
“I will defend that position… and I believe the chamber will support it because what the United States is doing is not legal,” Pereira told Reuters in an interview.
In 2015 Brazil imports to the U.S. totaled 240,328 net tons of cold-rolled steel and 465,879 tons of hot rolled steel, according to U.S. census data. Year to date tonnage in 2016 has fallen dramatically compared to the same period in 2015.
From January through July 2016 imports of cold rolled were 3,988 net tons compared to 131269 tons in the same period in 2015. Hot rolled was down to 49,315 net tons from 239,772 tons in the previous year.
Brazil received countervailing duties of 11.09 to 11.31 percent on exports of cold rolled steel and, just yesterday, antidumping duties ranging from 33.14 to 34.28 percent and subsidy rates of 11.09 to 11.30 percent on hot rolled steel flat products.
Sandy Williams
Read more from Sandy WilliamsLatest in Trade Cases
Trump reiterates March 4 start for universal tariffs of 25% on Canada, Mexico
On Thursday morning, Trump posted on Truth Social about Canada and Mexico: “the proposed TARIFFS scheduled to go into effect on MARCH FOURTH will, indeed, go into effect, as scheduled.”
Steel and manufacturing groups rally behind trade law reform bill
The Leveling the Playing Field Act 2.0 has been reintroduced into both houses of Congress
Trump sets tariff sight on European Union
President Donald Trump indicated in a cabinet meeting Wednesday that a 25% blanket tariff on all imports is coming for the EU next.
Trump signals tariffs on Canada and Mexico will start next week
Tuesday, March 4, marks the end of a 30-day delay in the levies.
Price: Should billions in Section 232 revenue go to foreign manufacturers or to the American people?
Do we want the benefits of the Section 232 tariffs to flow to the bottom lines of foreign steel and aluminum producers or to the US government and, ultimately, domestic manufacturers and their workers? In our view, the answer is simple. Section 232 exceptions do nothing more than lead to underserved profits for foreign manufacturers who are harming the US industrial base. That revenue could be used to pursue the Trump administration’s other policy priorities - such as deficit reduction or expanded tax cuts.