President Trump expands Section 232 Steel and Aluminum Tariffs on marine products
by National Marine Manufacturers Association 19 Aug 16:17 PDT
Steel and Aluminum Tariffs © National Marine Manufacturers Association
On Aug. 15, the U.S. Department of Commerce significantly expanded its Section 232 tariffs on aluminum and steel imports, adding more than 400 HTS codes to its existing list of tariffs on aluminum and steel derivative products. As of Monday, August 18, the metal content of the products is now subject to the 50% tariff.
The Customs and Border Protection (CBP) has issued Cargo Systems and Message Service guidance for steel products and aluminum products. The announcement does not change any of the existing rules or requirements applicable to 232 tariffs, such as reporting country of melting and pouring or smelting and casting and foreign-trade zone conditions.
Several marine products could now be subject to these new tariff rates and NMMA encourages members to work with your team and suppliers to identify the corresponding HTS codes with your imported components, parts, or products.
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