South Korea's POSCO, Hyundai Steel Company file for exception in Washington's import quota rule
- 6 years ago
South Korean steelmakers are pushing for an exemption from the Trump administration's steel import quota.
POSCO and Hyundai Steel Company are asking to be left off the 70 percent annual import quota imposed by Washington,... an exemption only granted to companies that are physically located in the U.S.
According to the Federal Register,... POSCO AAPC, POSCO's overseas affiliate, and Hyundai Steel USA have already filed requests.
The Trump administration has imposed the 70 percent annual quota on steel imported from South Korea,... but exempted it from additional tariffs of 25 percent.
POSCO and Hyundai Steel Company are asking to be left off the 70 percent annual import quota imposed by Washington,... an exemption only granted to companies that are physically located in the U.S.
According to the Federal Register,... POSCO AAPC, POSCO's overseas affiliate, and Hyundai Steel USA have already filed requests.
The Trump administration has imposed the 70 percent annual quota on steel imported from South Korea,... but exempted it from additional tariffs of 25 percent.