Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The Taiwan steel and iron industries association (TSIIA) has encouraged the government to negotiate lower tariff surcharges for Taiwanese products through President Wong Chao-tung, especially cold-rolled and coated steel to the United States during the Taiwan-US trade and investment talk. 


Wong Chao stated on Wednesday, that the group received the resumed discussion under the Trade and Investment Framework Agreement (TIFA). The US previously imposed a 25pc tariff on steel imports in 2018 after prior US president Donald Trump signed an order under section 232 of the Trade Expansion Act over national security concerns. A limited number of countries have been granted exemption from this duty.

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