U.S. steelmakers filed trade cases this week on cold rolled and corrosion resistant (CORE) steels alleging that Korea and Taiwan are guilty of using the same circumvention tactics as the Chinese–namely sending hot rolled and cold rolled substrate to Vietnam. As many predicted, the Commerce Department’s recent Chinese circumvention ruling has set a precedent that […]
Lewis Leibowitz, trade attorney and contributor to Steel Market Update, offers the following commentary on the latest trade developments in Washington: • The Section 232 investigation into automobiles and auto parts is in the comment phase. The deadline for written comments is June 22. The hearing in the investigation is on July 19 and 20. If […]
Foreign-made automobiles and parts may soon be facing tariffs if the administration is successful in its investigation to determine whether imports of automobiles and auto parts threaten to impair national security. On May 23, the Commerce Department initiated a Section 232 investigation on imported automobiles and parts, noting that during the past 20 years imports […]
ArcelorMittal Mexico is requesting that government officials impose permanent tariffs on the import of steel slabs into Mexico from non-free-trade agreement countries. “Mexican slabs are without protection and we are working jointly and permanently with the SE to find a mechanism that could protect domestic production of slab from imports, which are impacting our ability […]
Speaking in support of the Section 232 tariffs, the American Line Pipe Producers Association is challenging recent claims by U.S. pipeline developers that they are unable to source sufficient quantities of large-diameter line pipe in the United States. The large-diameter welded pipe industry in the U.S. is operating at its lowest capacity in years—well under […]
Is Canada really guilty of the trade inequity that President Trump charges? We looked at two product targets of the administration—dairy and automobiles—to find out. The office of the U.S. Trade Representative estimates trade with Canada in 2017 totaled $673.9 billion–$341.2 billion in exports and $332.8 billion in imports, for a goods and services trade […]
Lewis Leibowitz, trade attorney and contributor to Steel Market Update, offers the following commentary on the latest trade news in Washington: Is there anyone out there who believes President Trump is not methodically alienating our closest allies? Yesterday, in what was clearly a deliberate attempt to provoke the other six members of the G7, President […]
Meetings last week between the House Ways and Means Committee and U.S. Trade Representative Robert Lighthizer failed to reassure congressional members that a clear strategy on trade exists within the administration. Neither Republican nor Democrats’ concerns were assuaged after discussions with Lighthizer on trade issues that included China, NAFTA negotiations, and Section 232 tariffs on […]
A new wrinkle has been revealed for those manufacturers seeking exclusions for steel and aluminum products from Brazil, South Korea and Argentina. The three countries, which have agreed to quotas in lieu of tariffs, are not eligible for any product exemptions. A spokesperson for the Commerce Department confirmed the restriction in an email to Inside […]
As a trade war continues to build over the Section 232 steel and aluminum measures, some senators are looking to curb the president’s authority to unilaterally impose tariffs. Sen. Bob Corker (R-TN) is leading the effort along with Sen. Pat Toomey (R-PA) to challenge President Trump’s ability to levy trade restrictions on the grounds of […]
Lewis Leibowitz, trade attorney and contributor to Steel Market Update, offers the following update on trade events in Washington: Canada, Mexico and the nations in the European Union threatened to retaliate against Trump administration tariffs they consider grossly unfair and, true to their word, have announced tariffs of their own on a host of exports […]
Consumers in the United States may soon see their favorite products increase in price or become harder to find. In retaliation for Section 232 tariffs on U.S. steel and aluminum, Canada plans to impose its own 25 percent and 10 percent tariffs on a wide variety of goods. The 25 percent tariff is restricted to […]
Lewis Leibowitz, trade attorney and contributor to Steel Market Update, offers the following update on trade events in Washington: As briefly stated by the Trade Commissioner of the European Union, Cecilia Malmstrom, “Today is a bad day for world trade.” Malmstrom was referring to the announcement by President Trump that the 25 percent tariffs on steel […]
Commerce Secretary Wilbur Ross has made it official—there will be no tariff exemptions for Canada, Mexico, and the European Union. In a briefing on Thursday, Ross said the tariffs of 25 percent on imports of steel and 10 percent on imports of aluminum will go into effect at midnight. Argentina, Brazil, Australia and South Korea […]
The Trump administration’s announcement today that it would not spare its closest trading partners from the 25 percent tariff on steel imports surprised many in the market. Effective at midnight, steel from Canada, Mexico and the EU countries will be subject to the same penalty as exports from China and other so-called “bad actors.” Steel […]
The American Institute for International Steel, a trade group representing foreign steelmakers, said it is deeply disappointed the Trump administration has decided to impose tariffs on steel and aluminum imports from the EU, Canada, and Mexico. “Make no mistake: restricting the raw material supply in the U.S. and imposing tariffs on imports from our closest […]
Lewis Leibowitz, trade attorney and contributor to Steel Market Update, offers the following update on trade issues in Washington, including China, NAFTA, and a new Section 232 investigation on automotive imports: • The White House reported that 25 percent tariffs on $50 billion worth of imports from China will be announced by June 15, and […]
The Canada Border Services Agency initiated an investigation on May 25 into the dumping and subsidizing of certain cold-rolled steels in coils or cut lengths from China, South Korea, and Vietnam. The investigation was prompted by a complaint from ArcelorMittal Dofasco. Cold rolled imports under the investigation increased from 85,075 metric tons in 2015 to […]
The Trump administration’s announced Section 232 investigation into imports of automobiles and auto parts is not sitting well with lawmakers or automotive industry analysts. Some lawmakers are calling the suggestion that automotive imports are a threat to national security an abuse of executive branch authority. Senate Finance Committee Chairman Orrin Hatch (R-UT) called the investigation […]
President Trump has ordered a Section 232 investigation to determine whether imports of automobiles threaten national security interests. The investigation comes on the heels of China’s announcement that it will drop tariffs on imported vehicles from 25 percent to 15 percent and tariffs on autoparts to 6 percent. The reductions are presumably positive for the […]
India is disputing the legality of Section 232 tariffs and quota arrangements by the United States, claiming violations of the GATT and Safeguards Agreement. India filed an official request with the World Trade Organization for dispute settlement consultations with the United States. India joins several other nations which dismiss the claim that imports of aluminum […]
Lewis Leibowitz, trade attorney and contributor to Steel Market Update, offers the following update on trade issues in Washington: Greetings from the West Coast. I just attended the National Association of Foreign Trade Zones Spring conference. Foreign trade zones have been targeted by the Trump administration in the tariff proclamations, including the Section 232 tariffs on steel […]
Marking a win for U.S. steelmakers, the Commerce Department on Monday officially slapped duties on corrosion-resistant steel (CORE) and certain cold rolled steel products imported from Vietnam that were produced from substrate originating in China. Commerce determined that even though the products underwent some processing in Vietnam, they should still be subject to the same […]
Metal manufacturers and users are calling the Section 232 product exclusion process “onerous” and “chaotic.” The Coalition of American Metal Manufacturers and Users expressed their concern about the tariff exclusion process in a letter to Secretary of Commerce Wilbur Ross on May 18. More than 8,200 exclusion requests have been filed with Commerce with no […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers an update on the latest developments in Washington: • Circumvention—On Thursday, the Commerce Department issued its long-awaited final determination in an anticircumvention inquiry under the antidumping and countervailing duty laws of the United States. The issue was whether cold-rolled and corrosion-resistant (CORE) flat rolled steel […]
NAFTA negotiators failed to reach an agreement in time for the U.S.-imposed deadline of May 17, potentially delaying a vote on the trade agreement by Congress until after the U.S. midterm elections and the Mexican presidential election. “The NAFTA countries are nowhere near close to a deal,” said U.S. Trade Representative Robert Lighthizer in a […]
In its final determination in the Vietnam CORE anti-circumvention case, the Commerce Department ruled Thursday that imports of corrosion-resistant galvanized steel from Vietnam will still be subject to substantial antidumping and countervailing duties unless the importer can prove the substrate used in the production process was not sourced from China. “Commerce may face challenges to […]
Lewis Leibowitz, a trade attorney and contributor to Steel Market Update, offers the following update on trade issues in Washington affecting the steel industry: • Section 301 Hearing on Proposed Tariffs: On May 16, the U.S. Trade Representative’s office will kick off three days of hearings on the proposed Section 301 tariffs on China announced […]
Tinplate steel manufacturers received the backing of a bipartisan group of House members who urged the administration to exclude steel used for can manufacturing from Section 232 tariffs. In a letter dated May 10, Congress members implored Commerce Secretary Wilbur Ross not to impose 25 percent tariffs on steel used exclusively for can manufacturing, citing […]
This week, objections to steel product exclusion requests started to appear in the government website. First, an update on exclusions: 7,561 comments filed (not all of these are exclusion requests; there are some general comments. However, most are likely exclusion requests or objections) 2,671 comments posted on the website, of which 21 are general comments. […]