"Tariffs on Tin Mill Steel Shake Global Markets, Impacting Consumers"

The U.S. Commerce Department has ruled that imports of tin mill products from China, Canada, and Germany are being dumped in the U.S. market, in response to a petition by Cleveland-Cliffs. The department proposed tariffs of 122.5% on Chinese steel, 7% on German products, and 5.3% on Canadian tin mill steel to address the issue. However, a final determination will be issued in early 2024 after an extensive verification process. The United Steelworkers union supports the decision, stating that it is a step towards stabilizing the market and protecting U.S. workers. Ohio's U.S. Senators and a U.S. Representative expressed support for the investigation, while another Representative opposed the potential tariffs, citing concerns about price increases and job losses.
- Commerce Department rules Cleveland-Cliffs’ foreign competitors are dumping cleveland.com
- US to impose tariffs on tin mill steel from Canada, China, Germany Reuters
- US Dollar slides as US tariffs catch markets off guard FXStreet
- Tariffs Up To 300% On Steel For Tin Cans Will Likely Hit Consumers Forbes
- View Full Coverage on Google News
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