Commerce proposes changes to steel import monitoring system

Following an agreement with Canada and Mexico to repeal Section 232 tariffs on steel and aluminum, the Commerce Department is proposing changes to bolster the mechanism it uses to monitor steel import surges. The U.S. last May agreed to eliminate the national security-based tariffs on steel and aluminum from Canada and Mexico in exchange for the repeal of retaliatory duties on U.S. goods. All parties agreed to establish processes for monitoring steel trade between them and, in watching out for...