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Customs &
Trade News


June 1, 2018

U.S. imposes steel and aluminium tariffs on Canada, Mexico and the EU

American President Donald Trump is implementing steel and aluminum tariffs on Canada, Mexico, and the European Union (EU) as of June 1, 2018.

The President says he is taking action to protect America's national security from the effects of global oversupply of steel and aluminum. The implementation of steel and aluminum tariffs follows the announcement by Trump on March 8, 2018, of a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports. Temporary exemptions were then provided for certain countries pending "negotiations."

The United States has since reached an arrangement with South Korea on steel, which was announced on April 30. The United States has also reached arrangements on steel with Australia, Argentina, and Brazil, and with Australia and Argentina on aluminum.

The Trump Administration says it was unable to reach "satisfactory" arrangements, with Canada, Mexico, or the European Union.

U.S. imports of steel from every country, except the few that were granted permanent exemptions, will now be subject to the new duties.

Link: Additional Duty on Imports of Steel and Aluminum Articles under Section 232


 

Transport &
Trade News