Trump Anounces Tariff Increases for Steel, Aluminum Imports

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Trump Anounces Tariff Increases for Steel, Aluminum Imports

Author:

06-Mar-18

Trump Anounces Tariff Increases for Steel, Aluminum Imports

The news reports last week from the Administration announcing a 25% tariff on Steel and a 10% tariff on Aluminum have raised questions as to what products these new tariffs would apply. Nothing is certain until the President makes his final decision on the Commerce Department recommendations, but we can use the Commerce Department recommendations to help anticipate the scope of the President’s ultimate decision. The President is required to make a decision on the steel recommendations by April 11, 2018, and on the aluminum recommendations by April 19, 2018.

According to recommendations issued January 11, 2018 by the Department of Commerce, these tariffs will cover a wide range of steel products classified under Chapters 72 and 73 of the HTSUS, and on a wide range of aluminum products classified under Chapter 76. It remains to be seen whether the tariffs will be applied equally to all exporting countries, or whether some countries products will not be affected.

The duties and/or quotas to be imposed under Section 232 are in addition to any applicable regular import duties and any antidumping or countervailing duties already in effect or subject to pending investigations. It also remains to be seen whether the tariffs will be applied equally to all exporting countries, or whether some countries products will not be affected.

The Department Of Commerce Reports, which include the Product Scope descriptions, are available at the following links:

Steel: http://files.constantcontact.com/4ea55c81401/a9295dc5-b7aa-4714-9013-21c625b711bb.pdf

Aluminum: http://files.constantcontact.com/4ea55c81401/6a73277f-c858-4273-bb30-e9e649803106.pdf

John S. Connor will continue to monitor and provide updates.