U.S. Imposes New Tariffs on Steel Imports from Hong Kong
The United States has introduced additional tariffs on steel products, including those measuring over 3.5 but not over 5 mm in thickness (HS Code: 7219.33), imported from Hong Kong, citing unfair trade practices.
2023-10-15
Impact: This tariff increase is expected to reduce the volume of steel imports from Hong Kong, potentially increasing costs for U.S. buyers and encouraging domestic sourcing.
Hong Kong Responds to U.S. Steel Tariff Hike with Trade Negotiations
Hong Kong trade officials have initiated discussions with U.S. counterparts to address the recent tariff hike on steel products under HS Code 7219.33, aiming for a mutual resolution.
2023-11-02
Impact: These negotiations could lead to a temporary reduction or waiver of tariffs, potentially stabilizing trade flows in the short term.
U.S. Steel Industry Reports Impact of Hong Kong Imports Decline
Following recent tariffs on steel imports from Hong Kong, U.S. steel manufacturers report a slight uptick in domestic orders for products in the 3.5-5 mm thickness range (HS Code: 7219.33).
2023-11-10
Impact: The decline in imports from Hong Kong may boost U.S. domestic steel production but could lead to higher prices for consumers in related industries.
