Trade law and supply chain news, insights, and commentary
On February 7, 2022, the United States and Japan issued a joint statement announcing a 232 tariff agreement allowing historically-based sustainable volumes of Japanese steel products to enter the U.S. market without tariffs.
An overview of the actions as provided by the Department of Commerce is provided below:
The United States will replace the existing…
On October 31, 2021, the Office of the United States Trade Representative (USTR) announced that the United States would be replacing the existing 25% tariff on EU steel and 10% tariff on EU aluminum under Section 232 with a tariff-rate quota (TRQ). As such, eligible products that are within the quota will be able to…
On June 15, 2021, the U.S. and EU announced a commitment to address steel and aluminum excess capacity issues including section 232 tariffs and retaliatory measures by the end of the year. This announcement follows the May 17th, 2021 statement from the European Commission Executive Vice President’s outlining the EU’s decision to temporarily…
On May 17, 2021, European Commission Executive Vice President Valdis Dombrovskis announced that the European Union will temporarily suspend the increase of its rebalancing measures related to the Unites States’ Section 232 steel and aluminum tariffs. The tariffs, previously scheduled to go into effect on June 1, 2021, would increase duties on U.S. products…
On February 8, 2021, a WTO dispute resolution panel notified parties that it would delay it’s ruling on the United States’ Section 232 tariffs until the second half of 2021. The tariffs, which were imposed on the basis of national security, received complaints from China, India, Norway, Russia, Switzerland, Turkey, and the European Union. The…
Today, (Feb 4), a three-judge panel at the CIT issued a unanimous decision to uphold Section 232 tariffs on steel and aluminum based on national security concerns. The tariffs, which were imposed in 2018, were for 25% duties on steel and 10% duties on aluminum. The CIT held that the tariffs did not violate Section…
Today (Feb. 3), President Biden’s Section 232 Proclamation on aluminum imports from the UAE goes into effect. Proclamation 10139 reverses President Trump’s last minute decision to remove tariffs on aluminum from the UAE in favor of a quota system.
For more information on Section 232 please contact John Brew, Frances P. Hadfield, Spencer …
On January 27, 2021, Stavros Lambrinidis, the European Union’s ambassador to the United States, urged the Biden administration to lift Section 232 tariffs on steel and aluminum and work to find a resolution to the U.S.-EU aircraft subsidy dispute. The statement is the most recent in a chorus of comments calling for increased transatlantic cooperation.…
The Government of Canada has announced retaliatory tariffs of 10 percent on certain steel and aluminum imports from the United States, effective September 16, 2020. These countermeasures will only apply to goods originating from the U.S. and will remain in place until the U.S. eliminates its aluminum tariffs. The U.S. had previously announced on August…
The Trump Administration’s trade policy took another unexpected turn following the President’s Monday morning tweets on December 2, 2019. President Trump announced his intention to re-impose steel and aluminum tariffs on Argentina and Brazil due to “massive devaluation of their currencies.” In March 2018, President Trump imposed 25% duties on all foreign steel imports and …
