Today, the U.S. government announced further updates to it Section 232 Trade Action targeting aluminum and steel imports.
Effective 12:01AM June 1, 2018, Canada, Mexico and EU countries will no longer be exempt from applicable duties, 25% for steel imports and 10% for aluminum imports, under this action. Shipments with a U.S. Customs entry date after this time will be assessed Section 232 duties.
Additional import quotas have also been established for applicable steel products from Brazil and Argentina along with aluminum products from Argentina.
Mexico immediately responded with a list of U.S. products that will soon be subject to additional duties when imported. Both the EU and Canada are reported to be considering their own actions in response to the U.S. decision.
U.S. Customs provides a Frequently Asked Questions (FAQ) document here as additional reference.
Additional information will be provided when available.
Given the complexity of this trade action, 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.
Additional References:
