World

US Begins Taking Tariff Exemption Requests for Steel, Aluminum Products

WASHINGTON (Sputnik) – The US government has started accepting requests to exclude certain products from the new tariffs imposed by President Donald Trump on steel and aluminum imports, the Department of Commerce announced in the Federal Register on Monday.
Sputnik

“The new supplements set forth the process for how parties in the United States may submit requests for exclusions from actions taken by the President … to protect national security from threats resulting from imports of specialized articles,” the announcement said.

READ MORE: EU May Respond to US Metal Tariffs With Safeguard Measures — Juncker

Separate exclusion requests must be submitted for each unique steel or aluminum product import and the requester must provide a full factual description of the specific product, its properties, and its quantity, the Commerce Department said in a press release on Sunday.

“These procedures will allow the Administration to further hone these tariffs to ensure they protect our national security while also minimizing the undue impact on downstream American industries,” Secretary of Commerce Wilbur Ross said.

Germany's Altmaier Going to US to Prevent Trump From Expanding Tariffs - Reports
Only individuals or organizations using steel or aluminum articles identified in Presidential Proclamations 9704 and 9705 and engaged in business activities in the United States may submit exclusion requests, the Commerce Department said.

On March 8, US President Donald Trump signed a new controversial policy to impose 25-percent and 10-percent tariffs on imported steel and aluminum respectively.

The decision of the United States has already been widely criticized by a number of countries and officials around the world. EU Trade Commissioner Cecilia Malmstrom said that the 28-nation bloc could consider the introduction of responsive measures against certain groups of US products. International Monetary Fund (IMF) Managing Director Christine Lagarde warned that, if implemented, US tariffs could lead to a trade war that would have grave macroeconomic consequences.

Discuss