Trump’s Metals Duties Have Small Impact, Big Complications — Panjiva


Trump’s Metals Duties Have Small Impact, Big Complications

China 1605 European Union 351 Japan 350 Materials - Metals/Mining 436 Metals - Aluminum 137 Metals - Steel 327 South Korea 360 Trade Cases 1025 U.S. 2994

The section 232 national security tariffs applied to U.S. steel and aluminum imports by the administration of President Donald Trump may only have had a minor effect on the value of imports. Total imports of the metals covered fell by just 7.0% in the third quarter vs. the second quarter and by just 1.7% vs. the first quarter. They’ve also proven controversial in the context of attempts to sign the U.S.-Mexico-Canada Agreement (USMCA) after Canadian exports fell 20.6% and Mexico’s by 9.5% in the third quarter sequentially. The duties may also hinder trade discussions with Japan and the E...

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