Bloomberg: U.S. Department of Commerce received 3.5 thousand applications for exclusion from the scope of the duties

NEW YORK, April 30. /TASS/. The U.S. Department of Commerce is considering several thousand applications of the companies-suppliers of steel and aluminum products on their withdrawal from the operation of new tariffs, effective 1 may. As reported Monday by the news Agency Bloomberg, the U.S. Department of Commerce has received about 3,500 applications, and at the end of April reviewed 550 of them. The application shall be deemed approved if it is considered placed on the Ministry’s website within 30 days was not challenged.

As a result of such delays, companies may experience financial problems, said in an interview with the senior Vice President of the Association of engine building companies and companies producing equipment Ann Wilson. “Such a large number of pending applications creates an atmosphere of uncertainty for companies belonging to the Association that creates threats for business and to save jobs,” she said.

The US 23 March, imposed new duties on steel and aluminium products – 25% for steel and 10% aluminum. They apply to all countries which export products to the United States, however, deferred until may 1 got Argentina, Australia, Brazil, Canada, Mexico, the Republic of Korea and the countries of the European Union.