Trade Cases
Section 232 TRQ Possibilities
Written by John Packard
June 15, 2017
One of the suggestions being floated within the steel industry is that Wilbur Ross will recommend some form of TRQ (trade rate quota) system whereby quotas are set up based on an average period of time. To help our readers imagine what that might mean we have taken two periods of time on galvanized steel imports and provided what the average would look like.
The first table is based on imports for five years starting with the last year we have a full year’s worth of data (2016) and then looking at the previous four years to come up with a 5-year monthly average. As you can see from our first table the 5-year monthly average for 2012-2016 is 2,769,247 tons per month.
We have also heard that there was a suggestion that the time period should be prior to the import “surge” which we have translated to mean 2014 – the year prior to the antidumping and countervailing duty suits being filed during 2015. Based on that premise we would be looking at the years 2009-2013. The 5-year monthly average drops to 1,599,009 net tons (not metric tons). The difference is due to the Great Recession and the limited number of tons that were being sold during that time period.
We will have to wait and see what happens and we welcome any ideas that you might have on the subject.
John Packard
Read more from John PackardLatest in Trade Cases
Steel groups voice different takes on US-EU trade deal
US and European steel trade groups were at odds over their reaction to the recent trade deal President Trump brokered with the EU.
Here’s what’s up next in the big coated steel trade case
Attorneys representing domestic petitioners and foreign respondent companies have been busy filing case briefings and making rebuttals as the corrosion-resistant steel unfair trade investigations begin to wind down.
Price: Which countries get a ‘zonk’ in Trump’s primetime ‘Let’s Make a (Trade) Deal’ show?
As the president’s August 1 tariff deadline approaches, the “Let’s Make a Deal” game show returns to primetime (the Monty Hall version, of course). As the administration begins rolling out trade deals, we are starting to see what’s behind door number one and who is getting a “zonk.”
Trump says Canada deal might not happen: Report
President Trump said a negotiated deal with Canada might not occur, and all existing tariffs, along with those set to take effect soon, will stay in place, according to media reports.
Steel trade groups applaud Trump’s S232 tariffs
Five trade organizations involved with North American steel have praised President Trump’s Section 232 tariffs on steel for helping the domestic industry.