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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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Business Groups Argue de Minimis Restriction Would Be Expensive
July 25, 2024 by Mara Lee|Congress

A coalition of business groups, including the U.S. Chamber of Commerce, the National Association of Manufacturers, the E-Merchants Trade Council, the National Foreign Trade Council and the Express Association of America, is pushing back against the de minimis legislation that was approved in the House Ways and Means Committee earlier this year, arguing that it would be "a massive cost to the federal government," shift trade to the mail, and create congestion at airports and a wave of abandoned packages.

Topics:Customs duty
Former Senator Says Congress Unlikely to Step Up Post Chevron
July 18, 2024 by Mara Lee|Congress

Former U.S. senator from Pennsylvania Pat Toomey, who was one of the strongest advocates of free trade when he served in the Senate, told a moderator from the American Enterprise Institute that he doesn't believe Congress will pass more detailed legislation to curtail agencies' leeway to write regulations. A Supreme Court decision said judges will have more authority to overrule regulations, as the deference they had given to reasonable regulation is no longer the judicial branch's baseline.

Brazilian Semifinished Steel Won't Be Subject to Mexican Melt and Pour Rule
July 15, 2024 |International Sources

Brazil, the largest exporter of semifinished steel to Mexico after the U.S., won't be subject to the melted and poured restriction the two countries recently announced, the Mexican government disclosed last week. Aluminum cast in Brazil and steel melted and poured there won't be subject to Section 232 tariffs if they are processed in Mexico and exported to the U.S.

Topics:Section 232 Tariffs