Roby Brock from Talk Business & Politics discusses the impact of current trade policies on Arkansas businesses and the upcoming Governor’s Award for Excellence in Global Trade during his interview with ArDEC Chair Lenka Horakova and William Burgess, ArDEC’s past Chair.
The Arkansas District Export Council Arkansas and the World Trade Center prepared a survey to learn about the anticipated impact of steel and aluminum tariffs on Arkansas businesses. The survey was sent to Arkansas companies on March 15, 2018. Only responses from the companies that use steel and/or aluminum were included in the analysis. Please note that these survey responses were collected before tariffs exemption details were outlined and prior to China’s response.
Section 232 of the Trade Act authorizes the President to adjust the imports of an article and its derivatives that are being imported into the United States in such quantities or under such circumstances as to threaten to impair the national security.
On March 23, 2018, President Trump authorized 25% tariffs on certain imported steel and 10% tariffs on certain aluminum products. Only Canada, Mexico, Korea, Australia and the European Union are currently excluded from the order...