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U.S. Steel and Aluminum Tariffs & Retaliation Tariffs Imposed

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In an article published by Baker Donelson's Global Business Team member Julius Bodie, Trade & Industry Development outlines the actions of the Trump administration over the past several months regarding tariffs on U.S. steel and aluminum. The U.S. Department of Commerce issued its first product exclusions in June, but of the over 20,000 requests submitted, only 42 resulted in approved product exclusion. The European Commission, Canadian government and Mexico's Economy Ministry have all imposed retaliatory tariffs against a wide range of U.S. products. The European Union, Canada, China, India, Mexico and Norway have also initiated WTO dispute settlement proceedings against the United States.

Bodie urges businesses to review the tariff lists issued by Canada, Mexico and the EU to see if their imports and exports will be affected. If you import steel or aluminum, see if you can file for product exclusions. There is no cost to file, but legal help is prudent if you hope to obtain the exclusions, though the process may be lengthy as the Commerce Department appears to be overwhelmed by the number of exclusion applications. Since some lawmakers may be unaware of the full practical impact of the tariffs on American jobs in their district or state, it is vital to engage with members of Congress and elected officials.

To read the full article, please click here.

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