On March 8, 2018, U.S. President Donald Trump signed two proclamations placing tariffs on imports of steel and aluminum. The tariffs are authorized under Section 232 of the Trade Expansion Act of 1962 on the grounds of national security.
The presidential orders impose a 25% tariff on imported steel and 10% on imported aluminum, which came into effect on March 23, 2018.
To learn more about the U.S. steel and aluminum tariffs, and how they impact importers, download the FAQ:
Importers impacted by the steel and aluminum tariffs need to work closely with their customs broker to ensure their customs bond is sufficient and the appropriate duty payment method is in place now and for any future changes.
For a more information about Section 232 and other regulatory updates, visit Livingston’s Trade News.