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


Trump’s Metals Duties Have Small Impact, Big Complications

China 1844 European Union 424 Japan 393 Materials - Metals/Mining 504 Metals - Aluminum 166 Metals - Steel 373 South Korea 394 Tariffs 1250 U.S. 3446

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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