Steel and Aluminum Import Tariffs of 25% to Take Effect March 12
- President Donald Trump has reinstated 25% tariffs on global steel imports and increased tariffs on global aluminum imports to 25%, effective March 12, 2025, impacting multiple sectors.
- The proclamations terminate previous arrangements with several countries, ending exemptions and agreements related to section 232 tariffs on steel and aluminum.
- The product exclusion process for steel and aluminum imports is terminated, with previously granted exemptions valid until expiration or upon reaching import volume limits.
- The tariffs extend to derivative products like steel nails, aluminum cables, and specific household articles, with exemptions for items processed from U.S.-origin steel or aluminum.
- A memorandum on reciprocal trade and tariffs may lead to additional tariffs, adjusting for non-reciprocal trade practices by U.S. trading partners.
- Lists of HTS codes subject to Steel and Aluminum Tariffs are included in the second two links below.
Read more at:
https://www.gtlaw.com/en/insights/2025/2/steel-and-aluminum-import-tariffs-of-25-to-take-effect-march-12-reciprocal-tariffs-announced
https://www.federalregister.gov/documents/2025/02/18/2025-02833/adjusting-imports-of-steel-into-the-united-states
https://www.federalregister.gov/documents/2025/02/18/2025-02832/adjusting-imports-of-aluminum-into-the-united-states
