Trade Cases
Wednesday's Community Chat to Feature Trade Expert Lewis Leibowitz
Written by Michael Cowden
November 14, 2021
SMU’s Community Chat webinar on Wednesday will feature veteran trade attorney Lewis Leibowitz. We’ll talk Section 232, the tariff-rate quota (TRQ) with the EU, and the changing global trade landscape.
The free webinar begins at 11 a.m. ET (10 a.m. CT) on Wednesday, Nov 17. More than 250 people have already registered. You can register by clicking here.
Why should you listen? The EU TRQ goes into effect Jan. 1, 2022 – just around the corner – and replaces the blanket 25% tariffs imposed by the Trump administration in 2018.
Also, the U.S. on Friday announced that it had entered talks with Japan that could lead to an easing of Section 232 there too. Will the EU TRQ serve as a template for a deal with Japan, and what about potential future pacts with other U.S. allies such as the UK and South Korea? Does it herald a new period of managed trade in which U.S. adversaries – Russia and China, for example – are increasingly excluded from certain domestic markets?
And what does all of this mean for your business, especially if you’re a smaller trader or manufacturer? If you’re buying steel from the EU, for example, how do you comply with the “melted and poured” language in the TRQ?
Lewis will be our guide as we explore the opportunities and challenges of this new trade environment.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
Read more from Michael CowdenLatest in Trade Cases
Price on Trade: IEEPA tariffs head to the Supreme Court, DOJ ramps up trade enforcement
International trade law and policy remain a hot topic in Washington and beyond this week. We are paying special attention to the ongoing litigation of the president’s tariff policies and the administration’s efforts to heighten trade enforcement.
Mexico considers stiff tariffs for steel, autos, and other imports
Mexico is considering imposing steep tariffs on imports of steel, automobiles, and over 1,400 other products. Its target? Countries with which it does not have free trade agreements, mainly China, India, Thailand, and other South Asian nations.
Leibowitz: With ‘reciprocal’ tariffs struck down again in court, what happens next?
President Trump’s “reciprocal” tariffs under the International Emergency Economic Policy Act (IEEPA) were struck down again, this time on Aug. 29 by the Court of Appeals for the Federal Circuit (CAFC). The legal and policy mess continues, with the next stop being the US Supreme Court.
Market unfazed by US circuit court’s IEEPA decision
Repealing any reciprocal tariffs placed by President Donald Trump on US imports of direct reduced iron (DRI), iron ore, hot-briquetted iron (HBI), and pig iron would have only a nominal impact on the US steel market, market participants said.
ITC votes to keep HR duties after sunset review
The US government determined this week that hot-rolled steel imports from a handful of countries continue to threaten the domestic steel industry.