Trump’s Tariffs Trim, Don’t Yet Transform, Imports of Section 232 Metals — Panjiva
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Trump’s Tariffs Trim, Don’t Yet Transform, Imports of Section 232 Metals

Belgium 24 European Union 861 France 163 Italy 66 Materials - Metals/Mining 781 Metals - Aluminum 264 Metals - Steel 536 Tariffs 1844 U.S. 5374

America’s section 232 duties on steel and aluminum, introduced by the Trump administration at the end of March and extended at the start of June, have so far trimmed rather than transformed U.S. metals imports. The volume of imports fell 16% in May vs. March levels while seaborne shipments in June were 21% below March’s. The acceleration was due to exemptions being withdrawn from suppliers in the EU, Canada and Mexico. While the mass of imports fell in the second quarter (by 13%) a rise in costs may have led the value of imports to actually increase by 4%. Seaborne shipments from the EU ...

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