US-Luxembourg Trade Agreement on Steel Products
A new bilateral trade agreement has been signed between the United States and Luxembourg focusing on steel products, including those with a thickness exceeding 0.25 mm but not exceeding 1.25 mm (HS Code: 7211.23). This agreement aims to reduce tariffs and increase export volumes.
2023-10-15
Impact: Expected to boost trade volume of steel products between the two countries by 15% over the next year, benefiting US exporters and Luxembourg manufacturers.
US Imposes Temporary Quota on Luxembourg Steel Imports
The US Department of Commerce announced a temporary quota on steel imports from Luxembourg, including products under HS Code 7211.23, due to a surge in imports affecting domestic producers.
2023-09-01
Impact: This quota may restrict Luxembourg's steel exports to the US, potentially reducing trade by 10% in this category until negotiations are finalized.
Luxembourg Steel Sector Seeks US Market Expansion
Luxembourg's steel industry representatives met with US trade officials to discuss expanding market access for steel sheets of thickness 0.25 mm to 1.25 mm (HS Code: 7211.23), citing high demand in the US automotive sector.
2023-08-20
Impact: Potential increase in Luxembourg steel exports to the US if negotiations succeed, strengthening bilateral trade ties in this niche sector.
