Government/Policy
July 7, 2025
Written by Kristen DiLandro
US Treasury Secretary Scott Bessent told reporters that tariffs for Vietnamese imports to the US are 20% and “specific industries” have trade protections under the Section 232 tariffs.
However, Bessent did not explain whether steel from Vietnam would continue to be subject to the new 20% rate or the 50% Section 232 protections enacted by US President Donald Trump.
The proposed Hyundai-POSCO steel mill in Louisiana has been approved for up to $1.3 billion in bond financing, according to state records and local media reports.
The phrase “Fortress North America” seems to resurface anytime US, Canada, and Mexico trade negotiations roll around. The idea of an economic Fortress North America burst onto the scene in the late 1980s and early 1990s in the lead up to NAFTA. In theory...
The Commerce Department has found high dumping rates of Chinese tin mill products in the US market.
In the trade case investigating subsidized wire rod imports from Algeria, the Commerce Department set final subsidy rates and officially issued the countervailing duty (CVD) order.
The US Department of Commerce has raised the anti-dumping duties (AD) on imports of oil country tubular goods (OCTG) from Vietnam.