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Customs &
Trade News


March 9, 2018

U.S. imposes duty on steel, aluminum and exempts Canada and Mexico

American President Donald Trump issued two "Presidential Proclamations" on Thursday afternoon announcing the imposition of duties on imports of steel and aluminum from every country, except Canada and Mexico.

Under the steel proclamation "all steel articles imports specified in the Annex shall be subject to an additional 25 percent ad valorem rate of duty with respect to goods entered, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on March 23, 2018. This rate of duty, which is in addition to any other duties, fees, exactions, and charges applicable to such imported steel articles, shall apply to imports of steel articles from all countries except Canada and Mexico."

Under the aluminum proclamation "all imports of aluminum articles specified in the Annex shall be subject to an additional 10 percent ad valorem rate of duty with respect to goods entered, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on March 23, 2018. This rate of duty, which is in addition to any other duties, fees, exactions, and charges applicable to such imported aluminum articles, shall apply to imports of aluminum articles from all countries except Canada and Mexico."

The two proclamations cite "special circumstances that exist with respect to Canada and Mexico."  However, they specify that the prolongation of the exemptions for the two countries will also depend on "satisfactory outcomes in ongoing negotiations with Canada and Mexico," a reference to the ongoing NAFTA negotiations.

Link: U.S. Presidential Proclamation on Adjusting Imports of Steel into the United States

Link: U.S. Presidential Proclamation on Adjusting Imports of Aluminum into the United States


 

Transport &
Trade News