Today President Trump signed a legal executive order implementing the following tariffs:
Tariffs are 25% on Steel and 10% on Aluminum
Call us right now to see if we can help you to lock in inventory supplies before
short supplies are a factor for your company.
Highlighted Points:
- Canada and Mexico are excluded while in NAFTA negotiations.
- The 15-day clock starts today before they go into effect.
- Countries can apply for an exemption to the tariff if they can show how they can trade with the US in a fair way.
- For any country that is removed from the tariffs, the rest of the countries would have an increased tariff on them with the same incremental amount.
- He has the right to go up or down on the percentage by specific country depending on how fair the trade is.
- He has the right to include or exclude countries depending on how fair the trade is.
- Trump said he wanted to show great flexibility and cooperation toward those countries that are real friends and treat us fairly on trade and the military.
- Trump says if you don’t have steel you don’t have a country.
The Ace Steel Supply Solution
We are a boutique metals company that specializes in providing customized programs to
take volatility out of our customers’ supply chains.
Call 832-300-1030 for a consultation.
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