White House trade adviser Peter Navarro said every country granted an exemption from the tariffs will face an import quota and other restrictions. He also indicated that this extension is the last one Trump will grant.
Tag "tariffs"
May 08
12:00
2018
Commerce will issue AD duty orders on imports of carbon and certain alloy steel wire rod from Italy, Korea, Spain, Turkey, and the UK, and countervailing duty orders on imports of this product from Italy and Turkey.
April 16
18:15
2018
Higher prices and a ‘burdensome’ exclusion process fuel uncertainty, according to the Industrial Fasteners Institute's Washington representative Jennifer Baker Reid.
April 02
10:13
2018
Concerns grow about exports slipping as other countries retaliate with tariffs on American goods, the Wall Street Journal reports. “There’s just this massive uncertainty that gets inserted into the manufacturing cycle.”
March 22
17:54
2018
Speaking before the Senate Finance Committee, U.S. trade representative Robert Lighthizer said the EU, along with Argentina, Australia, Brazil and South Korea, would be exempted from the 25% tariff on steel and 10% on aluminum. Canada and Mexico have already been excluded.
March 20
06:11
2018
Industrial Fasteners Institute chair Phil Johnson, CEO of Agrati’s ContMidGroup, predicted the Trump tariffs won’t last, just as the announced three-year 30% steel tariffs during the George W. Bush administration lasted only half as long as intended.
March 19
16:01
2018
U.S. companies seeking to avoid paying tariffs on steel and aluminum may have to wait as long as 90 days before an exclusion is granted.
March 19
12:40
2018
The European Commission has published a 10-page provisional list of imported U.S. products, from peanut butter and orange juice to steel fasteners, that Europe is threatening to apply 25% import duties unless the EU is exempted from steel and aluminum duties imposed by U.S. President Donald Trump, Fastener + Fixing Magazine reports.
March 08
17:26
2018
The tariffs, which go into effect March 23, do not appear to directly affect fasteners and other finished steel products. But the threat of steel hikes could have a chilling effect on the U.S. economy, economists warn. Steel prices were already up by more than 12% year to date as of Feb. 27, Barron’s reports.
February 27
10:39
2018
“President Donald Trump said the U.S. plans to impose 25% tariffs on steel imports and 10% on aluminum, and expects to sign a formal order next week,” Bloomberg reports.
April 04
14:55
2017
“The European Commission argued that the claim should not be admitted on the basis IPM had not been directly impacted by the regulation it had challenged,” Fastener + Fixing Magazine reports.
March 07
09:33
2017
Currently the EU has no antidumping measures on fastener imports. In February 2016 the EU repealed antidumping duties of up to 74.1% on carbon steel fasteners originating in People’s Republic of China after four consecutive EU ‘defeats’ at the WTO Dispute Settlement Body, according to Fastener + Fixing editor Phil Matten.
March 07
09:30
2017
The review was initiated after Canimex Inc., an importer, filed an exclusion request "on the basis that the domestic fastener industry in Canada does not produce shoulder bolts, and therefore would not be injured by imports of shoulder bolts from other countries."
February 13
10:47
2017
EU commissioner Cecilia Malmstrom “reiterated EU plans to introduce new ‘country neutral’ antidumping methodology,” Fastener + Fixing Magazine reported.
February 03
01:22
2017
The European Commission confirmed the expiration of two regulations applying antidumping tariffs to certain stainless steel fasteners originating in China, Taiwan and the Philippines, Fastener + Fixing Magazine reports.
October 31
16:33
2016
The European Commission issued proposals to substantially strengthen its antidumping defense and bring duty levels closer to those imposed by
