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UK & US replace Section 232 tariffs with steel import quotas

发布时间:[2022-3-25 21:3:26]    浏览量:121次
The UK government has reached an agreement on Section 232 tariffs with the US. 54 items of 500,000 tons of steel products have obtained the annual tariff rate quota (TRQ). If the quota is exhausted, products will be imposed a 25% tariff. The amendment will take effect on June 1, 2022.

According to the agreement, only steel products melted and poured in the UK could use tariff quota.

The US and UK continued to implement appropriate domestic measures in order to create market liberalization conditions for steel and aluminum, such as anti-dumping duty, countervailing duty, safeguard measure, and other measures.

The UK Secretary of State for International Trade has informed the UK Trade Remedies Authority (TRA) to reconsider the steel safeguard measure, and the TRA will propose a report of the result of the investigation.