Steel and aluminum tariffs reinstated on Brazil and Argentina
from US Glass News Network
President Trump announced recently that tariffs would immediately be restored on steel and aluminum from Brazil and Argentina in response to the countries devaluing their currencies. Both Brazil and Argentina were exempt from the original Section 232 tariffs imposed in March 2018, which placed a 25% tariff on steel and 10% tariff on aluminum. However, Brazil’s steel industry and Argentina’s steel and aluminum industries were given quotas on how much could be imported into the U.S. on June 1, 2018 as part of their exemption.
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