Imposition of Restraints on Imports of Certain Steel Products From the Russian Federation

This proclamation imposes immediate import restrictions on certain steel products from Russia to address market disruption, implementing a bilateral 1999 steel trade agreement. The Secretary of Commerce is delegated authority to administer these restrictions and provide guidance to U.S. Customs. The restrictions apply to articles entered or withdrawn from warehouse on or after a date specified in the Annex and remain in effect for the duration of the agreement.

Federal Register Open PDF 64 FR 40723

Impact dates

Jul 22, 1999
Restrictions effective for articles entered or withdrawn from warehouse for consumption

Key directives

Impose import restrictions on certain steel products from Russia as specified in Annex
Delegate administration of restrictions to Secretary of Commerce
Secretary to provide instructions and interpretive guidance to Commissioner, U.S. Customs Service
Supersede inconsistent provisions of prior proclamations and Executive orders

Who is ordered

Timeline

Immediate

Import restrictions take effect for articles entered/withdrawn on or after the Annex date
Secretary of Commerce authorized to administer restrictions

Near term (90d)

Secretary of Commerce to provide instructions and interpretive guidance to Commissioner of U.S. Customs Service

Long term

Restrictions remain in effect for the duration of the 1999 Agreement between U.S. and Russia

Risks & tensions

Potential trade friction with Russia if restrictions are perceived as overly punitive
U.S. domestic steel consumers may face higher prices due to restricted supply
Exact scope of restrictions depends on Annex not fully reproduced in text