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US Grants Exemption to Tata Steel Netherland for Packaging Steel Imports-2020 China(Guangzhou) Int’l Laser Equipment and Sheet Metal Industry Exhibition
3/2/2020 钣金展-激光展- Laser expo, Sheet Metal Industry expo |
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Dutch Foreign Trade Minister Ms Sigrid Kaag told reporters that the US has agreed that laminated steel, used in packaging, manufactured in Tata Steel Netherlands would be exempt from a 25% tariff announced by the administration of President Donald Trump in June 2018, saving consumers and the company up to 100 million euros annually in tariff costs. She said “The import tariffs on laminated steel have been retracted and that’s wonderful news for Tata Steel. It’s good for us, and good for Dutch employees.”
Tata spokeswoman Ariane Volz said.that “Around 100,000 tonnes of the company’s 531,000 tons of steel exports to the US were covered by the exemption. This is very good news, we are very happy with the minister’s efforts. Exemption will last for a period of one year, and must then be extended.”
Since 2018, US companies wishing to import the type of steel, which is not produced in the US, had been forced to seek tariff exemptions on a case-by-case basis.
钣金展-激光展-2020年第二十一届广州国际激光设备及钣金工业展
-2020 China(Guangzhou) Int’l Laser Equipment and Sheet Metal Industry Exhibition
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