Search Results for keywords:"steel industry"

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Search Results: keywords:"steel industry"

  • Type:Presidential Document
    Citation:90 FR 9817
    Reading Time:about 38 minutes

    The document is a presidential proclamation by Donald J. Trump addressing the issue of steel imports that threaten U.S. national security. The President decided to terminate previous trade agreements and exemptions with countries like Canada, Mexico, the European Union, and several others. From March 12, 2025, these countries will face additional tariffs on steel and derivative products, originally envisaged in a 2018 tariff policy. The proclamation aims to protect the U.S. steel industry by ensuring higher production capacity utilization and guarding against market practices contributing to global excess capacity.

    Simple Explanation

    The President decided that, starting March 12, 2025, some countries will have to pay extra taxes on the steel they sell to the U.S. to help keep American factories busy and strong. This change might make it a bit tricky for some businesses that use steel, but it’s meant to make sure there's enough work for steel workers in America.

  • Type:Notice
    Citation:86 FR 11722
    Reading Time:about 4 minutes

    The Department of Commerce has decided to cancel the review of the antidumping duties on certain hot-rolled steel products from Turkey for the period from October 1, 2019, to September 30, 2020. This decision came after the original requesters, a group of steel companies, withdrew their application for the review within the allowed time frame. The department will instruct the U.S. Customs and Border Protection to assess the previously applied antidumping duties and remind importers of their duty to follow regulations regarding these duties. Additionally, this notice serves as a reminder for parties to handle information properly under administrative protective orders.

    Simple Explanation

    The U.S. Department of Commerce canceled a review of extra taxes on steel from Turkey because the companies who asked for it changed their minds. Now, they will just keep the old rules for those taxes.