Canada can delay USMCA if steel tariffs not removed

26 March 2019

Canada can delay USMCA in case of steel tariffs not removed

(North America): Canada’s foreign minister said that the revised NAFTA deal- USMCA- can be delayed until the US lifts the 25% import duties on Canadian steel and aluminium products. USMCA was signed on 30 November 2018 but not effective yet.

The US court endorse Section 232 in the steel tariff case

(North America): The US Court of International Trade has endorsed Trump’s authority to use section 232 to impose steel and aluminium tariffs under the national security clause. The case was filed by the American Institute for International Steel, Sim-Tex (a supplier of OCTG), and Kurt Orban Partners (an international steel trader).

Japanese crude steel output decreased in February

(Asia Pacific): Japan’s crude steel production reached 7.7 million tonnes in February. The production decreased by 4.9% from January and declined by 6.6% year-on-year, according to Japan Iron and Steel Federation (JISF).

For any queries contact us at Research@commodityinside.com