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Section 232 trade action - steel, aluminum tariffs: trade war? Mechanisms for possible relief for certain companies and countries


During the signing of official proclamations implementing tariffs on steel and aluminum products, under section 232 of the Trade Expansion Act, President Trump announced tariffs of 25 percent on foreign steel and 10 percent on foreign aluminum, except for imports from Canada and Mexico, and said these actions were taken in response to steel and aluminum articles "imported into the United States in such quantities and under such circumstances as to threaten to impair the national security of the United States."

This article takes a look at the tariffs which will go into effect on March 23, 2018 for all countries that are not exempted.