US Cuts Steel, Aluminum Duty For Companies That Heavily Utilize American Metals

India, June 2 -- President Donald Trump has signed a Proclamation reducing import duty to 10% on steel, aluminum, and copper for foreign companies that heavily utilize American metals.Under the new U.S. trade policy, foreign products qualify for this reduced, preferential tariff rate if they contain at least 85 percent U.S.-melted/poured steel or smelted/cast aluminum and copper by weight.This preferential 10 perc...

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