For Canada, Mexico and the countries of the European Union (EU), the exclusion from Section 232 duties previously granted has been extended to May 31, 2018.
Argentina, Australia and Brazil were also granted further exclusions, without a specific end date being noted, as bi-lateral agreements on future steel and aluminum imports from these countries are expected in the near term.
Imports of applicable steel products from South Korea have been permanently excluded from Section 232 duties based on an agreement being reached limiting future imports to the U.S. under a quota management system. Additional information regarding quota processing for South Korean steel products is available here. Imports of applicable aluminum products from South Korea are subject to an additional 10% duty as of May 1, 2018.
Importers of steel and aluminum products should also note the following:
- Generalized Systems of Preferences (GSP) and African Growth and Opportunity Act (AGOA) trade benefits cannot be claimed for imports subject to this Section 232 trade action;
- Imports from Brazil or Argentina that are excluded from the trade action may continue to claim GSP benefit however;
- All other free trade programs may continue to be claimed with additional Section 232 duties being payable;
- Duties assessed under this trade action may not be included in a U.S. drawback claim;
- U.S.-origin steel products are not subject to Section 232 duties upon importation after being further processed;
- Imports subject to Section 232 duties under HTS subheading 9802.00.60 shall be assessed those duties based upon the full value of the imported article.
U.S. Customs provides a Frequently Asked Questions (FAQ) document here as additional reference.
Given the complexity of this trade action and that additional changes are anticipated, U.S. importers of steel and aluminum products should review this information carefully. Importers are encouraged to contact Delmar International for assistance where needed.
Please contact your local Delmar International representative or our North American Customs Advisory Services Group for additional information.