Government/Policy
February 7, 2022
Written by Michael Cowden
The U.S. has announced that a deal has been reached with Japan to ease Section 232 national security tariffs on steel imports from the key U.S. ally.
The U.S. Commerce Department and the Office of the U.S. Trade Representative announced the deal at around 5 pm Eastern Time on Monday, Feb. 7, as SMU had reported they would.
Several steel trade organizations have called on President Trump to resist weakening Section 232 steel tariffs.
The US Commerce Department has raised the anti-dumping duties (AD) on imports of oil country tubular goods (OCTG) from South Korea.
After an annual administrative review, the Commerce Department increased the anti-dumping duties on large-diameter welded pipe from Turkey.
The US Department of Commerce has preliminarily determined that critical circumstances exist in the countervailing duty (CVD) investigation of imports of large-diameter graphite electrodes (LDGEs) from China.
The American Iron and Steel Institute (AISI) is pressing President Donald Trump to raise the issue of China’s steel exports and industry subsidies during his upcoming summit with Chinese President Xi Jinping.