As a result of the Steel and Aluminum tariffs announced by President Trump in March 2018, and amended with proclamations issued on May 1, 2018, and June 1, 2018, several trading partners have decided that reciprocal and retaliatory tariffs on U.S. products are appropriate. To date, the following countries have decided to retaliate – Canada, China, the European Union, India, and Mexico. See the comprehensive list of retaliatory tariffs here.
This is likely the tip of the iceberg as several other trading partners are likely to institute similar retaliatory tariffs.
The steel and aluminum tariffs were put into effect on March 23, 2018 for most countries and on June 1, 2018, the United States’ key trading partners were suddenly swept back in with the surprise White House announcement that country wide exemptions would no longer be applicable on imports of steel and aluminum from Canada, Mexico, and the European Union.
Husch Blackwell LLP will provide regular and timely updates on this matter. For more information please contact Nithya Nagarajan, Beau Jackson, Jeffrey Neeley, Robert Stang, Cortney Morgan, or Stephen Brophy.