Illinois Tool Works, Kyocera may see nail tariff costs cut

China 2778 Materials - Construction 103 Materials - Metals/Mining 674 Metals - Aluminum 214 Metals - Steel 462 Tariffs 1720 U.S. 4947

The U.S. Court of International Trade ruled that expanded section 232 national security tariffs on steel products overstepped the law, removing duties on steel and aluminum derivatives like nails and car bumpers. This overturns the duties that were enacted by the Trump administration in January 2020, but leaves in place the 232 tariffs on steel and aluminum that were put in place in 2018. Imports of steel derivatives from countries not provided with an exemption from the duties, excluding China, fell by 9.3% year over year in the three months to Jan. 31. Imports from China meanwhile rose...

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