Trade Cases
May 21, 2019
CRU View: What to Expect Now that the U.S. Has Lifted the Steel Tariffs
Written by Tim Triplett
By CRU Principal Analyst Josh Spoores and Analyst Ryan McKinley
Steel imports to the U.S. from Canada and Mexico prior to the S232 tariffs were near 12 Mt on an annualized basis. Data from this past March and April show arrivals closer to 7.5 Mt annually. With the end of the S232 on the U.S.’s closest trading partners, we would expect to see more steel imports in the U.S. from both Canada and Mexico. Tempering this, though, is some gain in exports of steel from the U.S. as retaliatory tariffs are also eliminated.
