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duties - Latest news GMK Center

Photo – Canada is launching a $730 million program for industry in response to U.S. tariffs
Canada is launching a $730 million program for industry in response to U.S. tariffs

Preferential loans will support steel, aluminum, and copper producers amid trade pressures

Photo – The US has set preliminary countervailing duties on steel products from three countries
The US has set preliminary countervailing duties on steel products from three countries

The Ministry of Trade has published preliminary rates for producers from Algeria, Egypt, and Vietnam

Photo – 48 countries have already restricted scrap exports
48 countries have already restricted scrap exports

38% of them introduced partial or full ban

Photo – US senators introduce updated bill on cross-border carbon tax
US senators introduce updated bill on cross-border carbon tax

The document contains proposals for a carbon tax on imports from polluting countries, including China

Photo – The UK will try to avoid US tariffs on steel and aluminum
The UK will try to avoid US tariffs on steel and aluminum

London argues the importance of its products for the US defense and manufacturing industries

Photo – EU duty abolition helped Ukrainian steel industry to survive the war, — Andriy Kryl
EU duty abolition helped Ukrainian steel industry to survive the war, — Andriy Kryl

There are hopes that the relatively free access of Ukrainian companies to the European market will be preserved

Photo – Canada continued the abolition of customs duties on the import of Ukrainian goods
Canada continued the abolition of customs duties on the import of Ukrainian goods

The duty-free import regime, in particular, applies to steel and goods whose supply is regulated by quotas

Photo – US and EU climate tariffs could hit China and other markets
US and EU climate tariffs could hit China and other markets

In 2021, Chinese steelmakers exported more than 3 million tons of steel to the EU

Photo – India has included steel in the export promotion scheme
India has included steel in the export promotion scheme

Export benefits will be applied until September 30, 2023

Photo – Emirates Steel received 15% duty relief for Saudi Arabian market
Emirates Steel received 15% duty relief for Saudi Arabian market

ESA became the first company to be exempted from duty on steel sales in the UK

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