United States to El Salvador Trade Analysis
for Derivative iron or steel products provided for in the tariff provisions enumerated in subdivision (l) of note 16 to this subchapter.
Detailed tariff information for Derivative iron or steel products provided for in the tariff provisions enumerated in subdivision (l) of note 16 to this subchapter. imports
Derivative iron or steel products provided for in the tariff provisions enumerated in subdivision (l) of note 16 to this subchapter. Tariff Rate
Stable with slight growth in demand for construction materials
Special Rates
Preferential Rate
0%
Applies to goods meeting CAFTA-DR rules of origin and documentation requirements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Tariffs on Derivative Iron and Steel Products from El Salvador
The U.S. Department of Commerce announced an increase in tariffs on derivative iron and steel products under specific tariff provisions, including those from El Salvador, to protect domestic industries.
October 15, 2023
Impact: This tariff hike may reduce imports of derivative iron and steel products from El Salvador, potentially straining trade relations and increasing costs for U.S. businesses reliant on these imports.
El Salvador Seeks Trade Negotiations with U.S. Over Steel Tariffs
El Salvador's Ministry of Economy has initiated talks with U.S. trade representatives to address concerns over tariffs on derivative iron and steel products, aiming for exemptions or reductions.
September 20, 2023
Impact: Successful negotiations could stabilize trade flows and maintain competitive pricing for these products in the U.S. market, benefiting both economies.
U.S. Importers Report Supply Chain Delays for Salvadoran Steel Products
U.S. companies importing derivative iron and steel products from El Salvador are experiencing delays due to stricter customs inspections and tariff-related documentation requirements.
August 5, 2023
Impact: Delays may lead to higher operational costs and potential shortages for U.S. manufacturers dependent on Salvadoran steel products, prompting a search for alternative suppliers.
Policy Updates
U.S. Section 232 Tariff Adjustments on Derivative Steel Products
The U.S. government updated Section 232 tariffs on derivative iron and steel products, including those under note 16 subdivision (l), affecting imports from El Salvador with an additional 25% duty to safeguard national security and domestic production.
