Steel Import Tarrifs to take effect March 23

According to American Shipper, “Global tariffs of 25 percent on steel and 10 percent on aluminum will take effect March 23….  However, steel and aluminum imports from Mexico will be exempted from the trade remedies, pending a successful result of the ongoing renegotiation of the North American Free Trade Agreement (NAFTA).”

“To be sure, Trump said the U.S. would be open to modifying or eliminating tariffs on steel and aluminum from certain nations that can “guarantee” that the U.S. won’t be harmed by unfair trade practices, including dumping.”

Department of Commerce recommends additional tax on Steel and Aluminum Imports

European Union to Retaliate against U.S.