The U.S. government’s announcement of import tariffs on steel and aluminum in March with no exemption to world’s steel giant China and China’s subsequent retaliation with approximately USD 3 billion in tariffs on 128 U.S. exports to China has already ignited sparks of a trade war between the two major economies. However, when the world […]
U.S. Imposes Anti-Dumping Duty on Wire Rod Imports from Italy, South Korea, Spain, Turkey and U.K.
On 20 Mar’18, U.S. Department of Commerce announced the affirmative final determinations in the antidumping duty (AD) and countervailing duty (CVD) investigations on imports of carbon and alloy steel wire rod from Italy and Turkey and AD investigations of carbon and alloy steel wire rod from Korea, Spain, and the United Kingdom. The Commerce Department […]
U.S. Announces Relief to Few of its Trade Allies from Import Tariffs but May Impose Quotas
In a recent update on U.S. import tariffs case under Section 232, the U.S. government has announced further exemptions from tariffs for five of its trade allies, European Union, Brazil, South Korea, and Argentina. While Mexico, Canada, and Australia were already exempted from the same at the time of the announcement. However there is a […]
U.S. Import Tariffs – Has the Trade War Started?
U.S. government has recently announced steep tariffs on steel and aluminum imports from all the countries exempting few of its trade allies including Canada, Mexico, Australia, EU, Brazil, South Korea and Argentina. However, the fact that China, which is U.S. one of the key steel exporters is not included in its exemptions list has given […]