Increase to 25% Section 232 Aluminum Tariff, End of Country Quotas Also Take Effect March 12
An increase in Section 232 tariffs on aluminum to 25% will also take March 12, the same date as changes to steel tariffs, as will a return on tariffs on aluminum from Argentina, Australia, Canada, Mexico, the EU and the U.K. after those countries’ exemptions and quota agreements are ended on that date.
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The proclamation expanding tariffs on aluminum, announced and signed Feb. 10, also applies tariffs to a new list of aluminum derivatives listed in a still-unreleased annex. As with steel, the new derivatives won't be subject to Section 232 tariffs if they're processed from aluminum smelted and cast in the U.S. To qualify, importers will have to provide CBP additional data on aluminum content.
Derivatives classified outside of Chapter 76 of the tariff schedule will only face Section 232 tariffs on their aluminum content. The tariffs on goods in Annex 1 “that are not in chapter 76” will take effect upon notification from the Commerce Department “that adequate systems are in place to fully, efficiently, and expediently process and collect tariff revenue for covered articles."
Same as for steel, the aluminum proclamation sets a process for producers or trade associations to request goods be added to the list of derivatives subject to the additional tariffs.
And as with steel, no more exclusions from Section 232 aluminum tariffs may be considered or renewed, effective immediately. Granted product exclusions will remain in effect until they expire or until the “excluded product volume is imported, whichever occurs first.” All general product exclusions will end March 12.