US adds EU, four other countries to “temporary” tariff exemption list

Thursday, 22 March 2018 00:00:12 (GMT+3)   |   San Diego
       

US Trade Representative Robert Lighthizer announced today a list of countries that will be temporarily excluded from the Section 232 steel and aluminum tariffs. According to media reports, Lighthizer told the Senate Finance Committee that the Trump administration would base exemptions on “a certain set of criteria” while continuing to negotiate.

In addition to the European Union, the exempt countries are Brazil, Argentina, Australia, and South Korea. Previously, Canada and Mexico were also excluded from tariffs on a temporary basis while Lighthizer continues to renegotiate NAFTA.

“There are countries with whom we're negotiating and the question becomes the obvious one that you think, as a matter of business, how does this work? So what he has decided to do is to pause the imposition of the tariffs with respect to those countries,” Lighthizer said in media reports.

The 25 percent tariff on steel and 10 percent tariff on aluminum is set to go into effect for all other countries Friday, March 23.


Similar articles

US Supreme Court declines to hear steel importer’s Section 232 appeal

30 Oct | Steel News

US and EU fail to reach agreement on Section 232 tariffs, aim for deal later this year

20 Oct | Steel News

US suspends Section 232 tariffs on steel imports from Ukraine

09 May | Steel News

Reactions to US-EU steel tariff news trend positive

02 Nov | Steel News

US Court of International Trade rules doubled tariffs on Turkish steel violated Section 232

14 Jul | Steel News

US Court of Appeals upholds CIT decision to maintain Section 232 tariffs

28 Feb | Steel News

US nail manufacturers ask to intervene in case at Court of International Trade

24 Feb | Steel News

US DOC inspector general finds “improper influence” in Section 232 exemption process

30 Oct | Steel News

New bill to constrain Trump’s tariff powers introduced in US Congress

28 Jun | Steel News

Senator Grassley moves forward with bill to restrain Trump’s tariff powers

11 Jun | Steel News