Huaxiao Metal Corporation Limited.
banner

US Ministry Of Commerce Approves The First "232" Tariff Exemption For Iron And Steel Products

The US Department of Commerce announced on the 20 day that it has approved the first batch of applications for iron and steel products exempt from the US "232" tariff.

The US Department of Commerce issued a statement on the same day that it approved 42 "232" tariff exemption applications from seven enterprises, covering steel products imported from Japan, Sweden, Belgium, Germany and China. At the same time, 56 applications from 11 enterprises were rejected.

The Commerce Department said the "232" tariff exemption would be granted if a specific product was not produced domestically and there were no significant national security concerns about the product.

U. S. Commerce Secretary Rose said at a hearing held by the Senate Finance Committee that day, as of June 20, the U. S. Department of Commerce has received about 20,000 steel products and about 2500 aluminum products submitted by enterprises of the "232" tariff exemption applications.

Senior Democratic lawmaker Ron Wyden accused the Commerce Department of being too slow to handle the "232" tariff exemption request and asked the Commerce Department to improve the procedures and provide a clearer timetable. Republican Senator Olin Hatch, chairman of the Senate Finance Committee, pointed out at the hearing that steel and aluminum tariffs do not safeguard U.S. national security, but will harm U.S. manufacturers, consumers and the economy as a whole.

U.S. President Trump announced on March 8 that the United States would impose tariffs of 25% and 10% on imported steel and aluminium products under Section 232 of the 1962 Trade Extension Act because imported steel and aluminium products endangered the "national security" of the United States. Take effect. American enterprises may apply for exemption from the US Department of Commerce since March 19th. Because of violation of WTO rules, the United States aluminum and steel tariffs have been widely opposed by many governments and enterprises.
Related News
  • Deep Drawing Steel

    Deep Drawing Steel

    August 16, 2018Deep-drawing steel has excellent formability and excellent uniformity of properties. It is a gapless steel with a very low carbon content and the addition of alloy stabilizing elements. It is a steel ...view
  • What is Stainless Steel Deep Drawing

    What is Stainless Steel Deep Drawing

    August 16, 2018It is suitable for stretching relatively large containers and the like. Such material 304 contains 8.5% of nickel (DQ grade), 9% (DDQ grade) Ordinary 304 material is 8% or more German DIN standard.DDQ...view
  • Deep Drawing Quality Feathers

    Deep Drawing Quality Feathers

    August 16, 2018DDQ (deep drawing quality) : It refers to the material used for deep drawing (rushing), which is what we call the soft material. The main features of this material are high elongation (≥ 53%), low ha...view
  • Us And Japan Failed To Reach Agreement On Tariff Exemption For Steel And Aluminum Products In Japan

    Us And Japan Failed To Reach Agreement On Tariff Exemption For Steel And Aluminum Products In Japan

    April 21, 2018Beijing time April 19th, Bloomberg news, President Trump, speaking in Japan during a lunch dinner with Japanese Prime Minister Abe Shinzo, said, "I know they are going to order a large number of aircr...view
  • Market Price Of Stainless Steel Coil In September

    Market Price Of Stainless Steel Coil In September

    October 9, 2018Tags: 200 series, 300 series, 400 series.304:304/2B: the average price for slit-edge of POSCO 2.0*1219*C in wuxi market this month is 16,033 yuan/ton, 186 CNY/MT higher than last month, up 1.17%. Fosh...view
  • Main Features of Stainless Steel 304 Electromagnetic Heating Coil

    Main Features of Stainless Steel 304 Electromagnetic Heating Coil

    August 16, 2018Main feature:(1)Stainless steel 304 electromagnetic heating coil heating heating time is short, high energy conversion efficiency. The device uses local electromagnetic heating to directly heat the ta...view
  • TEL:+86-21-54725826
  • FAX:+86-21-54717930
  • EMAIL:export@huaxiao-ss.com
  • ADDRESS:Room 458, Building 8-9, NO.1500 South Lianhua Road, Shanghai, China.