MIAMI, FL – February 19, 2020 - GrayRobinson attorney Peter Quinter, chair of the firm’s U.S. customs and international trade law practice group, located in the Boca Raton law firm, Miami law firm and Fort Lauderdale law firm offices, was featured in the American Recycler article "Tariffs and the Metals Industry: Where We Stand Today." In the article, Quinter discusses the impact tariffs have on the importation of steel and aluminum.
"Pursuant to the authority of Section 232 of the Trade Expansion Act of 1962, he imposed an extra tariff of 25 percent on virtually all imported steel and an extra tariff of 10 percent on virtually all imported aluminum effective March 23, 2018. On May 19, 2019, the steel and aluminum tariffs were removed for both Mexico and Canada as part of the U.S.-Mexico Canada Agreement (USMCA) negotiations to replace the NAFTA," explains Quinter. "As with other industries broadly affected by President Trump's tariffs, prices of steel and aluminum were higher in 2018 when the extra tariffs were initially implemented but have been down-trending ever since." Read the full article here.