US-Jersey Trade Agreement on Steel Products
A new bilateral agreement between the United States and Jersey has been signed to facilitate the trade of steel products with a thickness greater than 7.5 cm (HS Code: relevant code). The agreement aims to reduce tariffs by 15% over the next two years.
2023-10-15
Impact: This agreement is expected to increase steel exports from Jersey to the US, benefiting Jersey's steel industry while providing US manufacturers with more cost-effective raw materials.
US Imposes Temporary Quota on Jersey Steel Imports
The United States has introduced a temporary quota on steel imports from Jersey, specifically targeting products with a thickness greater than 7.5 cm, due to concerns over domestic market saturation.
2023-09-20
Impact: The quota may limit Jersey's steel exports to the US in the short term, potentially affecting Jersey's trade revenue and prompting diversification of export markets.
Jersey Steel Producers Protest US Inspection Delays
Jersey steel exporters have raised concerns over prolonged US customs inspections for steel products exceeding 7.5 cm thickness, causing delays and increased costs.
2023-08-05
Impact: These delays could disrupt supply chains and reduce the competitiveness of Jersey steel in the US market, potentially leading to decreased trade volumes.
