• Skip to main content

    Government/Policy

    October 31, 2022

    Brazilian Ambassador Seeks Removal of Section 232

    Written by Laura Miller

    The Brazilian ambassador to the US said it’s time for the removal of Section 232 tariffs and quotas in an editorial sent to the Wall Street Journal.

    brazil flagThe 232 tariffs and quotas have been in effect for more than four years – since 2018, when then-President Donald Trump imposed a 25% tariff on steel and a 10% tariff on aluminum in the name of national security. Some countries, Brazil is one example, agreed to a hard quota in exchange for an exemption to the 25% tariff on steel.

    Laura Miller

    Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

    Read more from Laura Miller

    Latest in Government/Policy

    Leibowitz: Will the next Congress take aim at Trump’s tariffs to address affordability concerns?

    The election last Tuesday was a stunning rebuke to President Trump and many of his policies. High prices and pessimism about the economy were clearly on the minds of voters and the members of Congress they sent to Washington. Trade policy can help address those issues. Some trade experts think the new Congress could deal with tariffs on imports from Canada early on. I also expect hearings and new bills to more closely control presidential authority over tariffs. Much is unknown about what will happen come January, when new members convene. But some points are already obvious to those who see politics as a means to an end (governing) rather than as an end in itself (getting elected).

    Canadian minister urges probe of Cliffs’ handling of Stelco

    Canadian Minister of Industry Melanie Joly has urged that Canada’s Competition Bureau examine Cleveland-Cliffs’ conduct in the Canadian marketplace following its Stelco acquisition. Minister Joly sent a letter to Jeanne Pratt, Commissioner of Competition, on Friday, regarding testimony Cliffs Chairman and CEO Lourenco Goncalves made to the US Congressional Steel Caucus, and a subsequent interview to the CBC. oly said that in the Caucus testimony, “Goncalves stated that his company had acquired Stelco to ‘block’ it from selling into the US market.”