The U.S. government announced on Aug. 19 tariff hikes on more than 400 products, including railcars, compressors, and furniture, subjecting them to the 50 percent steel and aluminum import duties.
In a statement, the Commerce Department said it added 407 product categories to the list of derivative steel and aluminum goods covered under Section 232 sectoral tariffs, effective Aug. 18.
“Today’s action expands the reach of the steel and aluminum tariffs and shuts down avenues for circumvention—supporting the continued revitalization of the American steel and aluminum industries,” the undersecretary of commerce for industry and security, Jeffrey Kessler, stated.
The derivative products list now includes wind turbines and their parts and components, mobile cranes, bulldozers, railcars, furniture, compressors, and pumps, according to the statement….