Will the USA Steel and Aluminium Tariffs Impact on your Business?

Let us know your findings……

President Trump is imposing steep tariffs on steel and aluminium from three of America’s biggest trading partners — Canada, Mexico and the European Union.

The trade penalties, 25% on imported steel and 10% on imported aluminium, take effect at midnight on 1st June 2018.

Mexico, the EU and Canada immediately announced plans to retaliate with their own tariffs against American products.

The full announcements issued by the White House and signed by the President of the USA can be viewed here:

Steel (issued 31st May 2018): https://www.whitehouse.gov/presidential-actions/presidential-proclamation-adjusting-imports-steel-united-states-4/

Aluminium (issued 31st May 2018): https://www.whitehouse.gov/presidential-actions/presidential-proclamation-adjusting-imports-aluminum-united-states-4/

Steel (issued 8th March 2018): https://www.whitehouse.gov/presidential-actions/presidential-proclamation-adjusting-imports-steel-united-states/

Aluminium (issued 8th March 2018): https://www.whitehouse.gov/presidential-actions/presidential-proclamation-adjusting-imports-aluminum-united-states/

And, what’s the upshot for your business:

The steel products to be affected using the Harmonised Tariff Code (6-digit level) detailed in the proclamation issued on the 8th March 2018 are:

  • 7206.10 through 7216.50
  • 7216.99 through 7301.10
  • 7302.10
  • 7302.40 through 7302.90
  • 7304.10 through 7306.90
  • And any subsequent revisions to these Harmonised Tariff Code classifications.

The aluminium products to be affected using the Harmonised Tariff Code detailed in the proclamation issued on the 8th March 2018 are:

  • Unwrought aluminium (HTS 7601)
  • Aluminium bars, rods, and profiles (HTS 7604)
  • Aluminium wire (HTS 7605)
  • Aluminium plate, sheet, strip, and foil (flat rolled products) (HTS 7606 and 7607)
  • Aluminium tubes and pipes and tube and pipe fitting (HTS 7608 and 7609)
  • Aluminium castings and forgings (HTS 7616.99.51.60 and 7616.99.51.70)
  • And any subsequent revisions to these Harmonised Tariff Code classifications.

Please read the full announcements to verify your products and do let us know how this impacts on your business.

For further information please contact Stephanie Warrington on [email protected]

2018-06-20T10:15:04+00:00June 19th, 2018|International Business|
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