01 Jun US Imposes Tariffs on Imports of Steel and Aluminium
The US has slapped tariffs on steel and aluminium imports of certain products from its allies the EU, Canada and Mexico purportedly for reasons of national security and despite many months of negotiations to try to prevent their implementation.
This much to the disappointment of many who are terming it ”protectionism’ pure and simple’. There are concerns about the implications on UK steel production due to the global market being flooded with cheap steel.
The EU has already announced counter measures starting with plans to take the US to the World Trade Organization and to target the implementation of import tariffs on a number of goods coming from the US into Europe.
For details of see: https://www.whitehouse.gov/articles/need-know-implementing-steel-aluminum-tariffs-canada-mexico-european-union/
The steel product codes affected are “steel articles” defined at the Harmonized Tariff Schedule (HTS) 6‑digit level as: 7206.10 through 7216.50, 7216.99 through 7301.10, 7302.10, 7302.40 through 7302.90, and 7304.10 through 7306.90, including any subsequent revisions to these HTS classifications.
Members seeking further clarification are invited to contact the Federation.