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Trump Trade War - Fabricated Steel Tariffs to Hit US Solar Industry

Steel News - Published on Thu, 11 Jul 2019

Image Source: Steel Fabrication Services
The solar industry is getting no rest from the aggressive trade policies of the Trump Administration. On the morning after the July 4 holiday weekend, the US Department of Commerce announced a preliminary determination which could affect racking and tracking systems makers, including those who suffered less consequence from earlier rounds of global tariffs on steel & aluminum. That’s because the global Section 232 tariffs on steel and aluminum largely pertained to unfinished steel products, whereas tracker makers and construction contractors revealed to pv magazine that many of the tracking systems which increasingly dominate the large-scale solar market involve more highly processed steel products.

And that’s what Monday’s decision by the Commerce Department focuses on: various kinds of fabricated structural steel parts from Canada, China and Mexico, which together represented USD 2.2 billion worth of imports into the United States last year.

Much to the relief of the Canadian steel industry, Canadian structural steel was found to have received minimal levels of the kinds of subsidies that are prohibited under international trade rules, and as a result will likely suffer no tariffs.

However Chinese and Mexican producers did not get off so easy, with Department of Commerce assigning 30%-177% in preliminary subsidy rates to Chinese steel makers, and 0-74% to Mexican steel makers. Together, these two nations exported a full USD 1.5 billion in structural steel products to the United States last year.

In both cases, the highest subsidy rates (177% and 74%) were reserved for those companies that did not respond, and a full list of these can be found in a fact sheet on the Department of Commerce website. And while no tariff rates have been set at this time, trade authorities will now begin collecting deposits on these products when they come into the United States from China and Mexico.

Source :

Posted By : Ratan Singh on Thu, 11 Jul 2019
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