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U.S. outlines 'absolute' quota details for South Korean steel imports

May 2, 2018 at 4:21 PM
U.S. Customs and Border Protection on May 1 outlined an “absolute” quota system for South Korea to follow when exporting steel products to the U.S., an approach that analysts and trade lawyers say may not leave Seoul with much flexibility and one that signals a departure from previous quota deals agreed to by the U.S. “On April 30, 2018, the President issued a Presidential Proclamation under Section 232 of the Trade Act of 1974 providing for an absolute quota for...

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