Stable with slight increase of 2% compared to 2021
Special Rates
Preferential Tariff under US-Chile FTA
0%
Applicable to goods originating from the United States under the US-Chile Free Trade Agreement, subject to rules of origin certification.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Chile Trade Agreement Boosts Steel Sector
A recent bilateral trade meeting between the US and Chile has led to reduced tariffs on steel products, including other angles, shapes, and sections (HS Code: 7216.50), facilitating increased exports from Chile to the US.
2023-10-15
Impact: This is expected to increase Chilean steel exports to the US by 10-15% over the next year, strengthening trade ties and benefiting US construction industries with cost-effective materials.
US Imposes Temporary Quotas on Chilean Steel Imports
The US Department of Commerce introduced temporary import quotas on certain steel products from Chile, including hot-rolled angles and shapes, to protect domestic producers amid rising import volumes.
2023-08-22
Impact: This may restrict Chilean exports of these products to the US in the short term, potentially leading to a 5-8% drop in trade volume for this category until negotiations conclude.
Chilean Steel Producers Eye US Market Expansion
Major Chilean steel manufacturers announced plans to expand production of hot-rolled angles and sections to meet growing US demand, supported by favorable trade terms under the US-Chile Free Trade Agreement.
2023-06-10
Impact: This could lead to a steady increase in trade volume, with projections of a 7% rise in exports to the US by mid-2024, assuming stable policy conditions.
Policy Updates
US-Chile Free Trade Agreement Review
The US and Chile initiated a review of their Free Trade Agreement, focusing on steel and aluminum sectors, including HS Code 7216.50 products, to address tariff discrepancies and streamline customs processes.
Date: 2023-09-05
US Section 232 Adjustment on Steel Imports
The US adjusted its Section 232 measures, setting specific exemptions for Chilean steel products like hot-rolled angles and shapes under certain volume thresholds, aiming to balance domestic protection with trade partnerships.
