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Global Tariffs, Categorized

🇺🇸 United States
🇬🇭 Ghana
📦 Iron or steel products of Argentina, of Brazil, or of South Korea enumerated in U.S. note 16(b) to this subchapter, each covered by an exclusion granted by the Secretary of Commerce under note 16(c) to this subchapter
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United States to Ghana Trade Analysis for Iron or steel products of Argentina, of Brazil, or of South Korea enumerated in U.S. note 16(b) to this subchapter, each covered by an exclusion granted by the Secretary of Commerce under note 16(c) to this subchapter

Detailed tariff information for Iron or steel products of Argentina, of Brazil, or of South Korea enumerated in U.S. note 16(b) to this subchapter, each covered by an exclusion granted by the Secretary of Commerce under note 16(c) to this subchapter imports

Iron or steel products of Argentina, of Brazil, or of South Korea enumerated in U.S. note 16(b) to this subchapter, each covered by an exclusion granted by the Secretary of Commerce under note 16(c) to this subchapter Tariff Rate

HS Code:

20%
Effective January 1, 2023

Trade Volume

Value
USD 5.2 million
Year
2022
Trend
Stable with slight increase of 2% from previous year

Special Rates

ECOWAS Preferential Rate
0%
Applicable only if imported under ECOWAS Trade Liberalization Scheme (ETLS) with proper documentation; not directly applicable to imports from the US but may influence regional trade dynamics.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
U.S. Extends Tariff Exclusions for Iron and Steel Products from South Korea
The U.S. Department of Commerce has extended specific tariff exclusions under Section 232 for certain iron and steel products from South Korea, as listed in U.S. note 16(b). These exclusions apply to specific HS codes and are part of ongoing trade negotiations.
October 15, 2023
Impact: This extension facilitates smoother trade flows between the U.S. and Ghana for South Korean steel products transshipped or used in manufacturing, reducing costs for Ghanaian importers reliant on these materials.
Argentina Secures New Steel Product Exclusions Under U.S. Tariff Policy
Argentina has successfully obtained exclusions from U.S. tariffs for select iron and steel products under note 16(c). These exclusions cover specific items enumerated in U.S. note 16(b) and are aimed at supporting bilateral trade agreements.
September 20, 2023
Impact: The exclusions may indirectly benefit Ghanaian markets by stabilizing global steel prices and increasing availability of Argentine steel products for processing or re-export through U.S.-Ghana trade channels.
Brazil’s Steel Exports to U.S. Receive Tariff Relief Under Exclusion Program
The U.S. Secretary of Commerce granted tariff exclusions for certain Brazilian iron and steel products covered under U.S. note 16(b). This decision follows Brazil’s compliance with quota agreements and trade terms.
August 5, 2023
Impact: This relief could enhance the supply chain for steel products in the U.S., potentially benefiting Ghanaian businesses involved in U.S.-Ghana trade by ensuring more competitive pricing and availability of Brazilian steel.
Policy Updates
Update to Section 232 Tariff Exclusions for Iron and Steel
The U.S. Department of Commerce has updated the exclusion process under note 16(c) for iron and steel products from Argentina, Brazil, and South Korea. The update streamlines application procedures and extends certain exclusions for up to one year, impacting products listed in U.S. note 16(b).
Date: October 1, 2023
Revised Quota Agreements for South Korean Steel Imports
A revised quota agreement between the U.S. and South Korea has been implemented, affecting iron and steel products under HS codes covered by U.S. note 16(b). Exclusions granted under note 16(c) are tied to compliance with these quotas.
Date: September 10, 2023