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Trump Trade War - White House grants exclusion to a quarter requests

Steel News - Published on Fri, 15 Feb 2019

Image Source: Wall Street Journal
Washington Examiner reported that the White House has granted about one out of every four requests made for an exception to it's steel tariffs, granting relief to companies that say they can't find comparable products made inside the US. Commerce Department spokesman Kevin Manning told the Washington Examiner "As of February 11th, 66,001 steel and 9,548 aluminum exclusion requests have been filed. Overall, 21,468 steel exclusion decisions have been posted, 16,093 were approved. The ratio of requests made to exclusions granted has held steady over the last few months. The administration has also granted 2,824 exclusions for its aluminum tariffs.’

The administration officially instituted 25 percent tariffs on steel and 10 percent on aluminum in March, citing Section 232 of the Trade Expansion Act. The tariffs cover all imports but the administration grants exclusions on a case-by-case basis if it decides that wouldn’t harm “national security." That is, if the product isn’t otherwise available in the U.S.

Hundreds of companies have made requests, often filing multiple times because even marginal differences in products can necessitate a separate process. The administration has had to expand the department's staff and bring in outside contractors to handle the avalanche of requests.

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Posted By : Rabi Wangkhem on Fri, 15 Feb 2019
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