U.S. DOC 232 Recommendations on Steel and Aluminum

U.S. DOC 232 Recommendations on Steel and Aluminum

On Friday, February 16 the U.S. Department of Commerce released its investigations into the impact on our national security from imports of steel mill products and from imports of wrought and unwrought aluminum. Carried out under Section 232 of the Trade Expansion Act of 1962 these reports analyzed the impact that steel and aluminum imports have had on the domestic producers and the implications for U.S. national security. The reports recommended that a 63 percent quota or a 24 percent tariff be levied on steel products and a 86.7 percent quota or a 7.7 percent tariff be levied on aluminum products. The report alleges that these mechanisms would raise domestic prices high enough to allow domestic producer to meet a profitable production capacity.