Steel Products
March 9, 2018
How Do U.S. Steel Duties Compare to Other Nations?
Written by Tim Triplett
President Trump made headlines this week when he slapped a 25 percent tariff on steel imports from all nations except Canada and Mexico. His rationale is that the U.S. should treat other countries the way they treat us. Steel Market Update has heard many incorrect statements about how the rest of the industrialized world treats U.S. exports. Closer examination shows that the administration’s claims of inequity are not necessarily true, at least when it comes to steel.
The United States exports steel products to Canada, Mexico and other countries, as well as scrap, iron ore and other inputs used to make steel, in most cases paying no duty at all, said Washington trade attorney Lewis Leibowitz.
