- May 12, 2018 -
According to Xinhua News Agency, the US Department of Commerce announced on February 16 this year that it had completed the 232 survey and believed that imported steel and aluminum products damaged US national security and proposed three trade protection recommendations to Trump for restricting steel imports:
Impose a tariff of at least 24% on steel imports from all economies;
Or impose tariffs of at least 53% on 12 major steel exporting economies to the United States, such as Brazil and South Korea, and set import quotas for other economies equal to their 2017 exports to the United States;
Or set an import quota equal to 63% of its exports to the United States in 2017 for all economies.
According to data from the US Department of Commerce, from January to October 2017, the six largest economies that exported steel to the United States in order were Canada, Brazil, South Korea, Mexico, Turkey and Japan. Steel from China only accounted for the total amount of imported steel in the United States. 3%.