News & Press

Mar
22
2018

President Trump Signs Tariffs on Steel and Aluminum

President Donald Trump has signed proclamations imposing tariffs on steel and aluminum imports into the U.S., which will result in additional duties for importers.
The U.S. partners in NAFTA, Canada and Mexico, could be exempt from the recently signed tariffs if they continue to renegotiate ongoing changes with NAFTA. Trump casts the tariffs as a first step in a series of trade changes. Based on national security considerations, certain products may be exempt if they are not produced domestically in a large enough quantity or of a satisfactory quality.
By March 18, 2018, the Secretary of Commerce will publish the instructions on how to petition for a product to be exempted from additional duties.
STEEL: 
On March 8, President Trumped signed a proclamation imposing additional duties of 25 %  on steel but with possible exemptions. The duties are effective for goods entered or withdrawn from warehouse on or after 12:01 a.m. March 23, 2018. HTSUS 9903.80.01 will be used as a secondary tariff classification to apply the additional duties.
Steel products under the following HTSUS headings will be subject to the additional duties:
  • 7206.10 through 7216.50
  • 7216.99 through 7301.10
  • 7302.10
  • 7302.40 through 7302.90
  • 7304.10 through 7306.90

Products under these HTSUS provisions include, but not limited to, steel plate, sheet, and strip; bars & rods; wire; tubing, etc.

 

ALUMINUM: 
On March 8, President Trumped signed a proclamation imposing additional duties of 10 % on aluminum products but with possible exemptions. The duties are effective for goods entered or withdrawn from warehouse on or after 12:01 a.m. March 23, 2018. HTSUS 9903.85.01 will be used as a secondary tariff classification to apply the additional duties.

Aluminum products under the following HTSUS headings will be subject to the additional duties:

  • 7601 (unwrought aluminum)
  • 7604 (aluminum bars, rods, and profiles)
  • 7605 (aluminum wire)
  • 7606-7607 (aluminum plate, sheet, strip, and foil)
  • 7608-7609 (aluminum tubes and pipes & tube and pipe fittings)
  • 7616.99.5160 and 7616.99.5170 (aluminum castings and forgings)
The Presidential proclamations may be viewed at:
https://www.whitehouse.gov/presidential-actions/presidential-proclamation-adjusting-imports-aluminum-united-states/
https://www.whitehouse.gov/presidential-actions/presidential-proclamation-adjusting-imports-steel-united-states/

 

 

Take Action

Importers of products that will be subject to the additional duties should take steps to prepare, including:
  • Evaluate the tariffs listed and configure the potential duty exposure of your products.
  • Ensure your Customs bond amount is adequate to cover the additional duty liability (U.S. Customs or your surety may mandate this to you).
  • When working with Rogers & Brown, or any Customs broker, make sure you provide clear instructions to ensure the compliant application of the additional duties on your entries.
  • Make the necessary arrangements for your ability to pay the duties to Customs in association with your Customs entries (may involve setting up a direct ACH account with Customs or specific arrangements with your broker).
  • Apply for the exemption of items from the additional duties if they meet the prerequisites.
  • Confirm that any articles falling in the affected HTS provisions are correctly classified.

 

 

 

 

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