STEEL AND ALUMINIUM
Davies hopes quotas will help SA avoid Trump duties
SA was prepared to negotiate a quota for its steel and aluminium exports to the US as a way of avoiding US President Donald Trump’s ad valorem tariffs, Trade and Industry Minister Rob Davies indicated on Monday. Davies was speaking at a media briefing on Trump’s proclamations to impose a 10% ad valorem tariff on imports of aluminium products and a 25% ad valorem tariff on imports of steel products, on the grounds that they threaten to harm US national security. The proclamations made provision for country-based exclusions from the duties should the US and that country arrive at a satisfactory alternative means to address the perceived threat to national security. Canada and Mexico have been excluded from the duties, which came into force on Friday. SA has submitted an application for an exemption from these duties. Davies said he had been informed by ambassador CJ Mahoney, the deputy US trade representative for investment, services, labour, environment, Africa, China and the Western...
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