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Home Steel News Brazil approves US to offer steel import tariff exemption quotas
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Brazil approves US to offer steel import tariff exemption quotas

4 Sep 2018 14:35 reported by Therese Hsieh

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The US Department of Commerce (USDOC) announced that they were going to approve Brazil, Argentina and South Korea to obtain 232 tariff exemption quotas, and the Brazilian Ministry of Industry, Trade and Services (MDIC) affirmed it last week.

The Brazilian government would be sustained committing to keep the profits between exporters and domestic manufacturers in the US market and expected to US Government released and specified a quota exemption to Brazilian during officials from both sides met, the representatives from MDIC stated.

According to Trump's determination, the US companies could be able to apply for exemptions as long as they will be unable to supply sufficient quality and quantity of products to US’ steel and aluminum manufacturers. The USDOC mentioned that as this case, the exemption quotas must be considered and import tariffs would not be imposed.

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