United States exempts South Africa from some of its steel and aluminum tariffs

Google+ Pinterest LinkedIn Tumblr +

Reuters reports that the United States has granted some local steel and aluminum producers in South Africa, exemptions from tariffs imposed by U.S. President Donald Trump this year.

Although some major exporting nations secured exemptions for all their steel and aluminum products, Trump’s decision to impose a 25 percent tariff on steel imports and a 10 percent tariff on aluminum riled metals producers worldwide.

South Africa’s Department of Trade and Industry (DTI) said the United States Department of Commerce granted exemptions for 161 aluminum and 36 steel products made by companies whose U.S. customers asked for the exemptions.

The DTI revealed that exempted products included aluminum foil and aluminum plates, sheets and strip, as well as steel hot-rolled bars, hot-rolled sheets, cold-rolled sheets, plates cut and plates in coils.

DTI, which earlier warned the tariffs could lead to job losses in manufacturing and mining, said it was still trying to get exemptions for all South African steel and aluminum products. The department said “the exemption of these products will contribute towards ensuring that jobs in companies producing these products are retained”.

South African exports of aluminum products account for about 1.6 percent of total U.S. aluminum imports.

Share.

About Author

Leave A Reply