Posco, Thyssenkrupp may be preparing for an elusive tariff cut — Panjiva
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Supply Chain Research

Posco, Thyssenkrupp may be preparing for an elusive tariff cut

Brazil 390 Canada 486 China 2954 European Union 808 Materials - Metals/Mining 739 Metals - Aluminum 242 Metals - Steel 504 South Korea 569 Tariffs 1783 U.S. 5299

U.S. section 232 import duties, applied for national security reasons, have “helped save American jobs in steel and aluminum industries” according to U.S. Commerce Secretary Gina Raimondo. There will continue to be “a place for tariffs” going forward, even though that likely will continue to cause frictions with allies including the EU, Japan and South Korea. The tariffs have not yet succeeded in their primary aim of pushing steel capacity utilization in the U.S. over 80%. As of February 2021 the utilization rate was still just 75.8%. The tariffs have succeeded, however, in cutting impor...

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