United States Issues 30-Day Extension for Steel & Aluminum Duties

United States Issues 30-Day Extension for Steel & Aluminum Duties

2018-08-07T14:02:40+00:00May 1st, 2018|Customs, Import, Industry Spotlight, Shipping News|

On April 30ththe United States issued extensions and exemptions to preferred trading partners from the Section 232 steel and aluminum import duties.

30-day exemptions for steel imports have been issued to:

  • Canada
  • Mexico
  • Australia
  • Argentina
  • South Korea
  • Brazil
  • European Union

Post-June 1, full exemptions on steel imports will continue for:

  • Argentine
  • Australia
  • Brazil
  • South Korea

30-day exemptions from aluminum imports duties were announced for:

  • Canada
  • Mexico
  • Argentina
  • Australia
  • Brazil
  • European Union

Post-June 1, full exemptions from aluminum import duties will continue for:

  • Argentina
  • Australia
  • Brazil

SOUTH KOREA

It should be noted that iron or steel products imported into the United States with a country of origin South Korea (effective for goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 eastern daylight time on May 1, 2018) will be subject to an absolute quota.

In addition, while those making entry for aluminum goods with a country of origin subject to the Section 232 duties will notice a quota hold indicator, note that a quota has not been implemented.

Customs & Border Protection (CBP) has also advised drawback will not be available for any Section 232 duties.

Download GreenPaper: Proclamations 9704 and 9705, for more information on steel and aluminum duties.  To stay up-to-date on everything freight, follow Green Worldwide Shipping on FacebookTwitter, and LinkedIn.