United States increases customs duties on aluminium and steel products
Beginning of January 2018, the US administration decided to increase customs duties on aluminium and steel products imported from all countries except Canada and Mexico.
The product list impacted by these measures is the following:
- "steel articles", defined at the Harmonized Tariff Schedule (HTS) 6-digit level as: 7206.10 through 7216.50, 7216.99 through 7301.10, 7302.10, 7302.40 through 7302.90, and 7304.10 through 7306.90, including any subsequent revisions to these HTS classifications;
- “aluminium articles”, defined in the Harmonized Tariff Schedule (HTS) as: (a) unwrought aluminium (HTS 7601); (b) aluminium bars, rods, and profiles (HTS 7604); (c) aluminium wire (HTS 7605); (d) aluminium plate, sheet, strip, and foil (flat rolled products) (HTS 7606 and 7607); (e) aluminium tubes and pipes and tube and pipe fitting (HTS 7608 and 7609); and (f) aluminium castings and forgings (HTS 76188.8.131.52 and 76184.108.40.206), including any subsequent revisions to these HTS classifications.
All imports of steel articles as specified above will be subject to an additional 25 percent ad valorem rate and all imports of duty aluminium articles as specified above will be subject to an additional 10 percent ad valorem rate of duty.
These measures will apply from March 23, 2018.
In the meantime, the European Commission is bringing forward a proposal for WTO-compatible countermeasures against the US to rebalance the situation.
What can we do for you?
Customs4trade will follow the evolution of these trade measures.
Customs4trade’s team of experts can assist you helping in learning more on how the above-described measures could affect your business.