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U.S. Secretary of Commerce Wilbur Ross Statement on President Trump’s Decision to Impose an Additional Tariff on Imported Steel
(August 10, 2018) - - Following President Trump’s signing of a Presidential Proclamation imposing an additional tariff on steel products from the Republic of Turkey, U.S. Secretary of Commerce Wilbur Ross released the following statement:
“Today, President Trump increased the Section 232 tariff rate on steel from 25 percent to 50 percent on imports of steel articles from the Republic of Turkey. Since the imposition of the Section 232 tariff in March, exports to the United States have declined and domestic capacity utilization has increased, but not to levels sufficient to remove the threat to national security. Doubling the tariff on imports of steel from Turkey will further reduce these imports that the Department found threaten to impair national security as defined in Section 232.”
Courtesy: U.S. Department of Commerce
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U.S. Secretary of Commerce Wilbur Ross Statement on President Trump’s Decision to Impose an Additional Tariff on Imported Steel
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