CBP Issues Guidance on Auto Parts Tariffs
Imported automotive parts that can be filed under the free trade agreement between the U.S., Mexico and Canada will continue for now to face a 0% duty rate even as the 25% auto parts duty goes into effect for everyone else this weekend, CBP confirmed when it released guidance via a May 1 cargo systems message on the Section 232 import duties for certain auto parts.
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These 25% duties, which will be applied to all imports from all countries, are slated to take effect on 12:01 a.m. EDT on May 3.