Trade Cases
ITC to Assess GHG Emissions in Domestic Steel, Aluminum
July 6, 2023
The US International Trade Commission (ITC) said Wednesday it is conducting a fact-finding investigation to assess the greenhouse gas (GHG) intensity of steel and aluminum made in the US.
This is in response to a letter sent by US Trade Representative Katherine Tai on June 5 requesting a Section 332 investigation in the midst of ongoing negotiations between the US and EU on a Global Arrangement for carbon emissions in the steel and aluminum industries.
In a press release, the ITC said it expects to submit its report by Jan. 28, 2025. A public hearing in connection with the investigation will be held on Dec. 7, 2023 at 9:30 a.m. ET.
The ITC noted, as requested, it will provide GHG emissions intensity estimates of steel and aluminum produced in the US by product category and production stage in 2022.
Recall that the US and EU are trying to hammer out an arrangement by October of this year. If no agreement is reached, the Section 232 tariffs on EU products lifted by the US in October 2021 could be reinstated.
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in Trade Cases
Mills allege ‘critical circumstances’ in CORE trade case vs. South Africa, UAE
"Recent activity in the marketplace strongly indicates that these imports are being rushed into the United States in an effort to avoid the imposition of antidumping duties," petitioners said.
European Commission eyes retaliation vs. Trump steel tariffs: Report
The European Commission is looking into making current quotas on steel imports stricter as a countermeasure to President Trump’s recently announced tariffs on steel and aluminum imports to the US, according to an article in Reuters.
Trump could levy tariffs on auto imports in April: Report
President Donald Trump said last week that he could place tariffs on auto imports, according to an article in Politico.
Section 232 tariffs are headed downstream
The Trump administration has revealed the list of derivative steel products being added to the Section 232 tariff list.
Leibowitz: In Trump’s brave new world of tariffs, what will stick and what will courts challenge?
With a chronic trade deficit, the administration will continue to cite more tariffs as necessary. This is in error, as noted above. Yet the base of President Trump’s support does not see it that way. More tariffs are possible. But the only way to reduce the US trade deficit substantially is to close the gap between savings and investment in the United States.