U.S. Increases Tariffs on Steel Imports from Finland
The U.S. Department of Commerce announced a tariff increase on steel products, including those of a width less than 51 mm in coils (HS Code: 7217.10), imported from Finland, citing unfair trade practices.
2023-10-15
Impact: This tariff hike is likely to reduce the competitiveness of Finnish steel in the U.S. market, potentially decreasing import volumes and increasing costs for U.S. buyers.
Finland Responds to U.S. Steel Tariff with Trade Negotiations
Finnish trade officials initiated discussions with the U.S. to address the recent tariff imposition on steel products under HS Code 7217.10, seeking exemptions or reduced rates.
2023-11-02
Impact: Pending negotiation outcomes, trade flows may remain uncertain, with potential for temporary disruptions in exports of narrow steel coils from Finland to the U.S.
U.S. Importers Seek Alternatives Amid Finland Steel Tariff Concerns
U.S. companies reliant on Finnish steel coils (HS Code: 7217.10) are exploring alternative suppliers due to increased costs from recent tariffs, impacting long-term contracts.
2023-11-10
Impact: This shift could lead to a decline in Finnish steel exports to the U.S., redirecting trade to other countries with lower tariff barriers.
