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Section 232 Tariffs

The United States currently maintains a 25% tariff on steel imports and 10% on tariff on aluminum imports under Section 232 of the Trade Expansion Act of 1962. In 2018, the Trump administration imposed Section 232 Tariffs on steel and aluminum imports into the United States, citing national security concerns. The U.S. agreed to lift tariffs on Canada and Mexico after the signing of the United States-Mexico-Canada Agreement (USMCA), and reached deals with the European Union, Japan and other countries to replace the tariffs with quotas for steel and aluminum imports into the U.S.

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Importer Must Account for Origin, Sections 301 and 232 Liability, When Apportioning Assists, CBP Says
April 3, 2023 by Brian Feito|Top News

A proposed formula for apportioning the value of tooling assists to imported auto parts can’t be used by an importer because it doesn’t take into consideration the country of origin of the imported parts and so fails to account for the possibility that they could be subject to additional Section 301 and Section 232 duties, CBP said in a ruling released March 27.

Topics:Harmonized Tariff Schedule, Customs duty
ITC Finds 301 Tariffs Paid by Importers, Not Consumers; 232 Tariffs Hurt Manufacturing
March 15, 2023 by Mara Lee|Congress

While the Section 232 tariffs increased domestic steel production by 5% and increased smelter utilization by about 15%, there was $3.4 billion less manufacturing across the most impacted metal consuming industries -- industrial machinery, cutlery and handtool factories; motor vehicle suspension and steering components; agricultural/mining/construction manufacturing, and metal fabricators, according to an International Trade Commission report.

Topics:Section 301 tariff exclusions, Customs duty, Section 232 Tariffs
CBP Issues Harmonized System Update
March 10, 2023 |Customs

CBP created Harmonized System Update (HSU) 2304 on March 9, containing 77 ABI records and 18 Harmonized Tariff Schedule records. These changes include additional Section 232 duties on imports of aluminum and derivative aluminum products from Russia and changes to HTS flagging. "With the upcoming ACE HTS deployment in May 2023, we recommend testing in ACE Certification," CBP said in a March 10 CSMS message.

Topics:Customs duty