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so trump gets another win via scotus by them denying the challenge to his tariffs on steel so they get to be implemented with the exceptions given for the nations listed above in the snippet. so now imported steel will come with a 25% tariff attached which hopefully leads to a boost for us steel manufactures . and i guess we have to wait and see what the chinese response to this will be over the current trade wars going on
WASHINGTON, June 24 (Reuters) - The U.S. Supreme Court on Monday turned away a challenge to President Donald Trump’s tariffs on imported steel brought by an industry group that argued that a key part of the law under which he imposed the duties violates the U.S. Constitution. The justices declined to hear the American Institute for International Steel’s appeal of a March ruling by the U.S. Court of International Trade that rejected the group’s lawsuit. The institute is a pro-free trade group that represents steel importers and users of imported steel. Trump imposed 25% tariffs on imported steel and 10% tariffs on imported aluminum in March 2018 based on national security grounds. Exemptions have been granted to Argentina, Australia, Brazil and South Korea in exchange for quotas. Canada and Mexico were exempted in May. In response, both countries lifted their retaliatory tariffs on the United States.
originally posted by: RalagaNarHallas
so now imported steel will come with a 25% tariff attached which hopefully leads to a boost for us steel manufactures . and i guess we have to wait and see what the chinese response to this will be over the current trade wars going on
so it seems to just apply to steel from Canada and Mexico that is locally sourced and would in turn apply for metals we ship them being locally sourced to north America
In a joint statement Friday, the Canadian and American governments said the U.S. will scrap the metals duties within two days. Canada will remove tariffs levied on American goods in retaliation for the steel and aluminum duties. The countries will also: Drop all pending litigation in the World Trade Organization related to the tariffs Set up measures to “prevent the importation of aluminum or steel that is unfairly subsidized and/or sold at dumped prices” and “prevent the transshipment of aluminum and steel made outside of Canada or the United States to the other country” Make an “agreed-upon process for monitoring aluminum and steel trade between them” In a separate statement, the Mexican government also said it would remove retaliatory tariffs it put on the U.S. and cease pending litigation. Mexico also said it would set up measures to stop unfair trade practices in the aluminum and steel markets and to monitor trade of the metals in North America.
American Institute for International Steel
originally posted by: AugustusMasonicus
originally posted by: RalagaNarHallas
so now imported steel will come with a 25% tariff attached which hopefully leads to a boost for us steel manufactures . and i guess we have to wait and see what the chinese response to this will be over the current trade wars going on
Canada is exempted and our steel imported from them is higher than any other individual country. China doesn't even crack the top 10.
originally posted by: AugustusMasonicus
originally posted by: RalagaNarHallas
so now imported steel will come with a 25% tariff attached which hopefully leads to a boost for us steel manufactures . and i guess we have to wait and see what the chinese response to this will be over the current trade wars going on
Canada is exempted and our steel imported from them is higher than any other individual country. China doesn't even crack the top 10.
found this for what its worth but am not the smartest international shipping and whatnot edit to add then there is this
On March 27th, 2018, the Government of Canada announced new measures aimed at preventing the transshipment and diversion of steel and aluminum into Canada to avoid recently imposed United States tariffs on the metals. These measures will be subject to a 15-day consultation period through the Canada Gazette.
trade experts, however, cite several factors that challenge the Trump administration’s claims about the extent of this problem. First, transshipment is difficult to measure, and even if there is a practice of falsification of origin, it is not significant enough to make Chinese exports to the U.S. sizable. Second, experts contend that China’s practice of shipping metals to its Asian neighbours, where they undergo slight modifications, does not constitute transshipment, as the end product has been altered from its original form.
originally posted by: RalagaNarHallas
found this for what its worth but am not the smartest international shipping and whatnot edit to add then there is this.
First, transshipment is difficult to measure, and even if there is a practice of falsification of origin, it is not significant enough to make Chinese exports to the U.S. sizable.
originally posted by: AugustusMasonicus
originally posted by: RalagaNarHallas
so now imported steel will come with a 25% tariff attached which hopefully leads to a boost for us steel manufactures . and i guess we have to wait and see what the chinese response to this will be over the current trade wars going on
Canada is exempted and our steel imported from them is higher than any other individual country. China doesn't even crack the top 10.
originally posted by: OccamsRazor04
Because Canada sat down and worked on making trade fair iirc.
so now imported steel will come with a 25% tariff attached which hopefully leads to a boost for us steel manufacture