1 LAKH TONS OF DUTCH-MADE TATA STEEL EXEMPT FROM US TARIFFS

A US tariff on laminated steel used in packaging will not apply to Tata Steel products manufactured in the Netherlands, the Dutch foreign trade minister said on Monday.Sigrid Kaag told reporters that the US had agreed the products would be exempt from a 25 per cent tariff announced by the administration of President Donald Trump in June 2018, saving consumers and the company up to 100 million euros annually in tariff costs.”The import tariffs on laminated steel have been retracted and that’s wonderful news for Tata Steel,” Kaag told reporters in The Hague. “It’s good for us, and good for Dutch employees.”

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