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Argentina agrees to cap steel at 135 percent of three-year average

May 03, 2018 at 11:39 AM
Argentina has dodged U.S. Section 232 tariffs in return for a quota deal capping steel exports at 135 percent and aluminum exports at 100 percent of average exports to the U.S over the last three years, according to Argentina’s largest steel organization and press reports. Buenos Aires will not be hit with a 25 percent tariff because it has agreed to a cap based on the average of steel exports during the past three years plus an additional 35 percent,...

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