News & Analysis as of

National Security Committee on Foreign Investment in the United States Steel Industry

HaystackID

Biden Poised to Block Nippon Steel’s Acquisition of U.S. Steel, Citing National Security Concerns

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President Joe Biden is reportedly poised to formally block the proposed $14.9 billion acquisition of U.S. Steel by Japan’s Nippon Steel, a decision anticipated to have significant implications for the American steel industry...more

Foley & Lardner LLP

New Exclusions Process Opens Up Potential Relief from Section 232 Steel and Aluminum Tariffs for Automotive Companies

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On March 23, automotive companies that rely on imported steel and aluminum were confronted with new special tariffs of 25 percent on all imports of steel and tariffs of 10 percent on all imports of aluminum, with temporary...more

Foley & Lardner LLP

New Exclusions Process Opens Up Potential Relief from Section 232 Tariffs for Users of Specialty Steel and Aluminum Products or...

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On March 23rd, steel and aluminum users were confronted with new special tariffs of 25 percent on all imports of steel and tariffs of ten percent on all imports of aluminum, with temporary exclusions for Argentina, Australia,...more

King & Spalding

Trade & Manufacturing - March 2018

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U.S. Department Of Commerce Releases Reports And Recommendations In Steel, Aluminum National Security Investigation - On February 16, the U.S. Department of Commerce (Commerce) released its reports and recommendations to...more

Foley & Lardner LLP

U.S. Manufacturers – and Foreign Steel and Aluminum Companies – Face Catastrophic Duties and International Trade Risks Following...

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Companies that import steel or aluminum saw the detonation of a major international trade bomb on March 1st. President Trump announced that the U.S. Government would invoke the seldom-used section 232 national security...more

Skadden, Arps, Slate, Meagher & Flom LLP

Trump Administration Highlights Limitations of CFIUS Process

In separate public statements last week, two Trump administration cabinet secretaries expressed concerns with the national security review process of the Committee on Foreign Investment in the United States (CFIUS). They also...more

Skadden, Arps, Slate, Meagher & Flom LLP

"National Security Investigation of Imported Steel Could Be Prelude to Similar Actions Against Other Imports"

On April 20, 2017, President Donald Trump directed the Department of Commerce (Commerce) to conduct an expedited investigation of the harmful impact of steel imports on U.S. national security. The investigation, which will be...more

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