Steel imported into United States and possible tariffs | KPMG | US

Executive order: Steel imported into United States and possible tariffs

Steel imported into United States and possible tariffs

President Trump today signed an executive order prioritizing an investigation to be initiated by the Secretary of Commerce as to whether steel imported into the United States threatens to impair the national security.

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In the executive order, the president has directed the Commerce Secretary to expedite his investigation of the effects of steel imports on the national security to determine: 

  • Whether steel imports cause U.S. workers to lose jobs that are needed to meet security requirements of the domestic steel industry
  • Any negative effects of steel imports on government revenue
  • Any harm that steel imports cause to the economic welfare of the United States

The investigation must be concluded and a report submitted within 270 days.

If the Commerce report concludes that steel imports threaten to impair the national security, and the president concurs, he may certain actions—including imposing tariffs—to eliminate the negative effects of steel imports on the national security of the United States.

 

For more information, contact a professional with KPMG’s Trade & Customs practice:

Douglas Zuvich | +1 (312) 665-1022 | dzuvich@kpmg.com

Andrew Siciliano | +1 (631) 425-6057 | asiciliano@kpmg.com

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