Government/Policy
January 6, 2025
Written by Laura Miller
The incoming Trump administration is reportedly considering paring back the president-elect’s plans for universal tariffs.
While imports of all products may not face tariffs after all, the administration is apparently still mulling them for sectors critical to the nation’s defense and national security – including steel and aluminum – according to the Washington Post.
In 2015, finished steel imports were 29% of apparent domestic consumption of steel, as estimated by AISI. In 2025, the import share had fallen to 18%. Steel lobbyists think that is progress, but the reality is more complex.
Several steel trade organizations have called on President Trump to resist weakening Section 232 steel tariffs.
The US Commerce Department has raised the anti-dumping duties (AD) on imports of oil country tubular goods (OCTG) from South Korea.
After an annual administrative review, the Commerce Department increased the anti-dumping duties on large-diameter welded pipe from Turkey.
The US Department of Commerce has preliminarily determined that critical circumstances exist in the countervailing duty (CVD) investigation of imports of large-diameter graphite electrodes (LDGEs) from China.