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

Price: Expect new trade shocks as Trump’s ‘reciprocal’ tariff negotiations continue
President Trump cast a wide net with the proposed, reciprocal tariffs. The negotiating stage will be critical to determining the success of his strategy. And for those suffering tariff whiplash, don’t expect the pace of change to slow down just because the reciprocal tariffs are entering a negotiating phase.

SMU Survey: Less support seen for Trump tariff policies
Meanwhile, an increasing number think it's too early to say whether the penalties are going to bring more manufacturing to the US.

CRU: USW seeks exclusion for Canada from Trump’s tariffs
The union is also urging stronger enforcement against countries such as China which break trade rules, and a coordinated Canada-US strategy to protect union jobs across the North America

Price on trade: A lot happened last week – and it wasn’t all about tariffs
Should foreign investment be allowed to reshape the American steel Industry? Not to be lost in the recent on-again-off-again tariff frenzy, Nippon Steel’s proposed takeover of U.S. Steel has also found itself in President Trump’s crosshairs when it comes to trade and industrial policy. Nippon Steel initially announced its nearly $15-billion bid for U.S. Steel […]

Trump signs executive order aimed at making US shipbuilding ‘great again’
President Trump on Wednesday signed an executive order meant to breathe new life into American shipbuilding and curb Chinese dominance in the sector.