On October 31, 2021, the U.S. Commerce Department released an Announcement of Actions on EU Imports Under Section 232 adding a tariff-rate quota (TRQ) for 54 steel and 14 aluminum product categories.
STEEL TARIFF RATE QUOTA SUMMARY
- TRQ annual import volume is set at 3.3 MMT
- TRQ applies to 54 product specific categories
- Imports of derivatives of steel articles from the EU will not be subject Section 232 duties.
- In order to be eligible for duty-free treatment under the quota, steel imports must be “melted and poured” in the EU.
- The United States will maintain its exclusions process, as implemented under Section 232 of the Trade Expansion Act of 1962, available for steel products imported from the EU, but will not count imports of excluded steel products from the EU against the TRQ.
HOW IT WILL WORK FOR STEEL
1. Section 232 steel products from the EU that are within-quota will enter free of any Section 232 duty.
2. All Section 232 steel products entering above-quota will continue to be subject to a Section 232 duty of 25 percent, provided that they are not subject to an exclusion.
3. TRQ will be allocated on a first-come, first-served basis for each product category from each EU member state.
ALUMINUM TARIFF RATE QUOTA SUMMARY
- TRQ annual import volume is set at
- 18 thousand metric tons (TMT) for unwrought aluminum under two product categories, and
- 366 TMT for semi-finished (wrought) aluminum under 14 product categories
- Imports of derivatives of aluminum articles from the EU will not be subject Section 232 duties.
- Importer must provide a Certificate of Analysis for each aluminum product entered into the United States
- The United States will maintain its exclusions process, as implemented under Section 232 of the Trade Expansion Act of 1962, available for aluminum products imported from the EU.
HOW IT WILL WORK FOR ALUMINUM
1. Section 232 aluminum products from the EU that are within-quota will enter free of any Section 232 duty.
2. All Section 232 aluminum products entering above- quota will continue to be subject to a Section 232 duty of 10 percent, provided that they are not subject to an exclusion.
U.S. Department of Commerce Announcement: Announcement of Actions on EU Imports Under Section 232
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