U.S. to Issue Additional Duty on Articles of Steel and Aluminum February 8th
The Office of the U.S. Trade Representative published President Trump’s latest installment in U.S. tariffs on foreign goods. The “Proclamation on Adjusting Imports of Derivative Aluminum Articles and Derivative Steel Articles into the United States” outlines the decision to now impose tariffs on aluminum and steel articles imported into the United States.
Aluminum articles will be assessed and additional 10 percent duty, similar to the 232 tariffs already in place on the aluminum manufacturing material. Goods manufactured in Canada, Mexico, Argentina and Australia will be exempt. Expect this tariff list to include aluminum stranded wire, cables, plaited bands, slings, motor vehicle/tractor bumper and body stampings, and similar derivative articles.
Steel articles will be assessed and additional 25 percent duty, similar to the 232 tariffs already in place on the steel manufacturing material. Goods manufactured in Canada, Mexico, South Korea, Argentina, Australia, and Brazil will be exempt. Expect the tariff list to include steel nails, tacks, drawing pins, corrugated nails, staples, motor vehicle/tractor bumper and body stampings and similar derivative articles.
We will continue to follow this story and release the tariff numbers impacted once the information becomes available.