Trade Cases
May 3, 2018
Quotas for Argentina and South Korea Steel
Written by Sandy Williams
Argentina and South Korea will be exempt from Section 232 tariffs in exchange for agreeing to quotas on steel and aluminum products.
Argentina’s steel quota will be 135 percent of the average of Argentine steel exports during the past three years. The quota will allow the import of about 180,000 tons of steel per year from the South American country. The agreement will allow Argentina to continue to export seamless pipe to the U.S. energy sector, although less than the 200,000 tons exported in 2017.
