Steel Tariffs Do Their Job, But Wider Use and Timing Limited by Law — Panjiva
MENU

Supply Chain Research

Steel Tariffs Do Their Job, But Wider Use and Timing Limited by Law

Cons. Discr. - Autos 1191 Materials - Metals/Mining 759 Metals - Steel 522 Sanctions 164 Tariffs 1805 Turkey 66 U.S. 5330

The U.S. Court of International Trade has ruled that the Trump administration erred in using increased section 232 steel duties in a dispute with Turkey in August 2018. That may have a knock-on effect to both uses of the section 232 mechanism in future dealings with Turkey, as well as the timing of section 232 duties in the automotive sector. U.S. seaborne imports of steel products from Turkey fell by 86.6% in the three months to Oct. 31 compared to the same period of 2017. Those were led by shipments linked to Borusan Mannesmann which fell by 81.1% over the same period.

Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.