ANNOUNCED AS TEMPORARYNo
On 31 May 2018, the United States issued a Proclamation imposing import quotas on certain steel goods from Argentina and Brazil. The import quota level is set annually with a quarterly limit. Quarterly and annual quota levels are issued by the U.S. Customs and Border Protection. The quota varies depending on the subject good and the country in question.
In this context the Proclamation stipulated: "imports from any such country in an aggregate quantity under any such subheading during any of the periods January through March, April through June, July through September, or October through December in any year that is in excess of 500,000 kg and 30 percent of the total aggregate quantity provided for a calendar year for such country, as set forth on CBP.gov shall not be allowed."
The import quota entered into force on 1 July 2018 for goods entering into the United States from 1 June 2018.
Notably, the United States imposed import tariffs on the subject goods on 23 March 2018 with the exception of imports from a number countries including Argentina and Brazil, see related state act. Whilst the import tariff on the subject goods are exempt for these countries, the United States has: "agreed in principle with Argentina, Australia, and Brazil on satisfactory alternative means to address the threatened impairment to our national security posed by steel articles imports from these countries and extended the temporary exemption of these countries from the tariff proclaimed in Proclamation 9705, as amended, in order to finalize the details." No import restriction has to date been imposed on Australia.
Notably, in March 2018, the United States announced the imposition of import quotas on certain steel goods from the Republic of Korea, see related state act.
Additionally, the Proclamation introduced import tariffs on certain steel goods from Canada, the EU and Mexico, see related intervention.
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