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Companies Seeking Reprieve From Steel Tariffs Get Ground Rules

  • Commerce Department outlines process for seeking exclusions
  • Manufacturers have enlisted lawyers to pursue valuable waivers
Bloomberg business news

JPMorgan's Ward Says Tariff Discussion Could be 'Heated'

President Donald Trump’s administration outlined rules for how automakers, pipeline operators and other companies can seek exemptions from new steel and aluminum tariffs that could be worth billions of dollars.

The Commerce Department opened the door for those requests late Friday with an interim final rule that invites applications from companies or individuals supplying steel to U.S. entities that use the metal in construction, manufacturing or other domestic business activities.