Feb 18 • 06:28 UTC 🇲🇽 Mexico El Financiero (ES)

US Analyses Adjustments to Steel Tariff Implementation

The US government is considering operational adjustments to its steel and aluminum tariffs due to rising administrative difficulties faced by companies.

The US government is contemplating operational changes to the way tariffs on steel and aluminum are enforced. This consideration comes in response to increasing administrative burdens faced by companies in calculating tariffs, especially for derivative products. Jamieson Greer, the US Trade Representative, mentioned that while adjustments may be made, these would not signify a fundamental change in the overarching tariff policy set by the White House.

Greer highlighted that the current complexity of the tariff regime has led to additional costs for businesses, suggesting that alterations to the implementation of these tariffs may be necessary for compliance reasons. This comes after reports indicating that the Biden administration is looking into reducing the scope of some tariffs on steel and aluminum, which have drawn criticism for their complicated nature and unintended consequences on the market.

The potential adjustments reflect a broader effort by the White House to balance protective trade measures with the operational realities faced by US companies. Keeping a close eye on the tariffs' impact on domestic manufacturing and international relations, the administration's considerations could lead to significant changes that affect sectors reliant on these materials, underscoring the importance of effective trade policy during a time of economic uncertainty.

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