Trade Cases

US Govt Exploring Economic Impact of 232, 301 Tariffs on Industry
Written by Laura Miller
May 11, 2022
At the request of the House and Senate Committees on Appropriations, the US International Trade Commission has begun an investigation into the economic impact of the Section 232 and 301 tariffs on US industry.
The Commission is asking for detailed information on US trade, production, and prices in the industries that have been most affected by the tariffs.
Section 232 tariffs on steel and aluminum imports and Section 301 tariffs on imports from China have been in place since 2018, when then-President Trump invoked the duties in the interest of national security. The US steel industry has been bolstered by the tariffs, with many mills and service centers posting record profits and sales quarter after quarter.
In addition to asking for written submissions, the agency will hold a public hearing on the matter on July 21 in Washington, D.C. Deadlines for submitting comments are posted in a notice in the Federal Register.
The Commission intends to issue its final report to the Committees on Appropriations by March 15, 2023.
By Laura Miller, Laura@SteelMarketUpdate.com

Laura Miller
Read more from Laura MillerLatest in Trade Cases

CRU: ‘Liberation Day’ brings sweeping US tariffs
For trading partners, the tariffs will reduce demand for exports and depress growth. Over the coming days, trade partners will almost certainly announce retaliation, which will hit US exports.

Leibowitz: The blowback from Trump’s ‘Liberation Day’ tariffs has only just begun
Tariffs are taxes that the government collects. Funds are disbursed by acts of Congress. If domestic companies, including manufacturers, are to benefit from “protective” tariffs, they must raise their prices as well. Maybe not by the entire amount of the tariffs, but by some. Inflation will come.

Supply chains, end-users brace for impact from tariffs
Supply chains are working through what the tariffs mean for them

Commerce releases prelim anti-dumping duties in sweeping trade case targeting CORE imports
The US Commerce Department on Friday released preliminary anti-dumping margins in a trade case targeted imports of coated flat-rolled steel from 10 countries. Certain countries and mills were hammered while others were largely spared. Brazilian steelmaker CSN, for example, received a preliminary rate of 137.76%. Some Turkish mills – including Boreclik and ArcelorMittal Celik Ticaret – received no dumping margin at all.

CRU: Trump’s sweeping tariffs could derail the US met coal industry
Latest tariffs could lead to US metallurgical coal exporters (many already high-cost swing producers) being priced out of the market.