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New Tariff on Japanese Steel Makes Key Change to Exclusions

February 8, 2022

Via: ENR

The Biden administration reached a new Section 232 steel tariff-rate quota agreement with Japan, officials announced Feb. 7.

The arrangement replaces a flat 25% tariff added by the Trump administration in 2018. It allows up to 1.77 million tons of steel to be imported duty-free from Japan annually, with a 25% tariff imposed on any steel products imported beyond that.

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