In Japan and Thailand, more than 500 thousand tons of imports were exempted from tariffs. Steel imports from Japan and Thailand, according to a Financial Times analyst, significantly influenced the Trump administration's 25 percent tariff exemptions.
The publication found that as of 20 August, more than 38,000 exclusion requests had been submitted to the Department of Commerce, with the agency still issuing decisions for 8,400 5300 tonnes. In Japan and Thailand, more than 500 thousand tons of imports were excluded. The next country is Taiwan with less than 200,000 tons.
The Financial Times cites a lawyer who represents companies seeking exceptions as criticizing the Department of Commerce's decision-making process as "very murky."
“I thought Republicans were market advocates, recruiting winners and losers, not the government,” Lewis Leibovitz said. "This government picks winners and losers, big time."
Separately, Ford has announced that it has been one of the losers when it comes to steel tariffs. In particular, according to CEO James Hackett, he will lose about $ 1 billion in profits in 2018 and 2019.
“The irony is that, anyway, we are using the majority in the US today,” Hackett said. "If this continues, it does more damage."
Japan and Thailand benefit the most from US steel tariff exemptions
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Azovpromstal® 16 October 2018 г. 10:16 |
