, ,

Forecast: U.S. will impose tariff on tin-plated steel imports and there will be implications on the U.S. domestic market

The U.S. Commerce Department will impose tariffs on tin-plated steel imports from Canada, Germany, and China, accounting for 30% of U.S domestic consumption. These include anti-dumping duties of 122.5% on China’s exports, 7.02% on Germany’s, and 5.29% on Canada’s. The move may initially inflate canned food prices, but could also stimulate domestic industry growth.

Nathan Cole
1–2 minutes
, , ,

The U.S. Commerce Department has announced tariffs on tin-plated steel imports from Canada, Germany, and China. These countries supply 30% of tin-plated steel to the U.S. market. China’s largest producer, Baoshan Iron and Steel, will face the highest preliminary anti-dumping duties of 122.5%. German producers, including Thyssenkrupp, will face duties of 7.02%, while Canadian producers, including ArcelorMittal, will face duties of 5.29%. The increased prices of canned food may be a short-term consequence, but this decision is expected to benefit the domestic U.S. industry unless the impacted countries can convince the U.S. to reverse this ruling.

A video explaining our reasoning can be found here:

Leave a comment

Trending