Trade Cases
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Brazil Considering Section 232 Concessions
Written by Sandy Williams
April 2, 2018
Brazil is one of seven countries granted a temporary retrieve from Section 232 tariffs on steel and aluminum. If the 25 percent tariff is imposed on the Brazilian steel industry, it would impact 13 percent of the nation’s steel exports and lead to losses estimated at $350 million annually, according to a new study by the Institute for Applied Economic Research. In 2017, Brazil exported approximately $2.6 billion of steel to the U.S., 33 percent of its total steel exports.
Last week, it was reported that U.S. negotiators proposed measures for Brazil to consider in return for permanent exemption from the tariffs. They included:
- Reduce tariff and quota limits on imports of ethanol. Currently, Brazil charges a 20 percent tariff on ethanol imports above 150 million metric tons per quarter. The tariff is designed to protect Brazilian farmers from foreign competition.
- Finalize the Open Skies deal. Open Skies is an agreement that would allow unlimited commercial flights between Brazil’s LATAM Airlines Group and U.S.-based American Airlines. The Brazilian Senate approved the agreement on March 7, sending it on to President Michel Temer for signature.
- Defend against Chinese circumvention. U.S. negotiators request that Brazil take measures to prevent China from circumventing the U.S. tariffs though shipments of steel and aluminum through Brazil’s borders.
In return, the United States said it will support Brazil’s effort to join the Organization for Economic Cooperation and Development.
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Sandy Williams
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Leibowitz: The consequences of a new barrage of trade cases on coated steel
Domestic steel producers and the United Steelworkers (USW) union filed a barrage of trade cases last week. This is hardly news. Ever since the Commerce Department ruled that Vietnam is still treated as a nonmarket economy (NME) for antidumping purposes, many in the business expected new cases on the product that Vietnam excels at—“corrosion-resistant steel.” Nor is it a surprise that these cases roped in nine countries in addition to Vietnam: Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, and the United Arab Emirates. All these countries rank in the top ten exporters of corrosion-resistant steel to the United States. These petitions are a broadside against coated flat-rolled steel imports.
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Coated trade case alleges hefty dumping margins
Domestic mills have alleged substantial dumping margins in the trade case targeting imports of corrosion-resistant steel.
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US mills file sprawling trade case against coated imports from 10 nations
US mills have filed or soon will file a sprawling trade petition against imports of coated flat-rolled steel from 10 countries. The petition seeks anti-dumping margins against Canada, Mexico, Brazil, the Netherlands, Turkey, the United Arab Emirates, Vietnam, Taiwan, Australia, and South Africa. It also seeks countervailing duty margins against Canada, Mexico, Brazil, and Vietnam. That’s according documents dated Sept. 5 and addressed to Commerce Secretary Gina Raimondo and International Trade Commission (ITC) Secretary Lisa Barton.
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Steel Summit 2024: Trade issues abound ahead of election
Trade is always front and center in an election year. And 2024 is no different. There is no shortage of issues, with questions like the sale of U.S. Steel to Japan’s Nippon Steel, potential cracks in the USMCA, and Chinese overcapacity dominating the headlines. But how do you distinguish between issues that might just last until November, and what are the crucial questions that could affect your business for years to come?
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US senators urge reduction to S. Korean OCTG quota
https://www.brown.senate.gov/newsroom/press/release/sherrod-brown-casey-fetterman-biden-administration-level-playing-field-american-octg-industry