Legal challenge could shape how steel tariffs hit marine supply chains
by National Marine Manufacturers Association 8 Feb 10:27 PST
Boat manufacturing © National Marine Manufacturers Association
A new legal challenge to the Trump administration's expanded steel and aluminum tariffs could affect how U.S. Customs values imported components used across marine manufacturing supply chains.
Last week, Illinois-based Express Fasteners filed suit in the U.S. Court of International Trade, arguing that U.S. Customs and Border Protection improperly applied Section 232 steel and aluminum tariffs to the entire value of imported fasteners, rather than just the value of the steel content itself.
The tariffs, raised to 50 percent in June, were intended to apply only to the steel or aluminum content of covered products. But according to the complaint, CBP has taken a more aggressive enforcement approach, issuing notices - called Form 29 notices - that challenge importers' value calculations and discourage excluding costs such as machining, fabrication, or labor.
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