DIVERSIFICATION: Steel and aluminum manufacturers have heeded the government’s call to seek other markets by expanding shipments to Europe and Southeast Asia
Taipei Times
Date: Aug 31, 2018
By: Staff writer, with CNA and Reuters, WASHINGTON
Taiwan has failed to obtain an exclusion from a list of nations whose exports of steel and
A worker walks past rolled steel coils at a warehouse in Handan in China’s Hebei Province on April 21, 2017. Photo: AFP
aluminum to the US are to be targeted by tariffs.
US President Donald Trump has signed proclamations allowing relief from quotas on steel from South Korea, Brazil and Argentina, as well as on aluminum from Argentina, the US Department of Commerce said in a statement on Wednesday.
“Companies can apply for product exclusions based on insufficient quantity or quality available from US steel or aluminum producers,” the statement said. “In such cases, an exclusion from the quota may be granted and no tariff will be owed.”
Citing national security concerns, Trump in March signed an order under Section 232 of the US’ Trade Expansion Act of 1962 to impose a 25 percent tariff on imported steel and a 10 percent tariff on aluminum. [FULL STORY]