On April 30th, the 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imported into the United States with a country of origin South Korea (effective for goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 eastern daylight time on May 1, 2018) will be subject to an absolute quota.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 Facebook, Twitter, and LinkedIn.
