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Several notifications were issued late Monday on the IEEPA tariffs on products of Canada, Mexico, China, and Hong Kong, and on Section 232 steel and aluminum tariffs.
Here's a quick update:
Canada & Mexico
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A Federal Register notice issued by U.S. Customs provided implementation details on the 25% IEEPA tariffs on Canada and Mexico that started today, March 4.
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De Minimis entry will be temporarily available for goods subject to IEEPA tariffs until "adequate systems" are in place to collect tariffs. Read More
China & Hong Kong
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The President amended the IEEPA China Executive Order to increase duty on products made in China and Hong Kong from 10% to 20%. Late Monday, U.S. Customs confirmed the March 4 start date.
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March 6 is the last day to take advantage of the IEEPA China 'in-transit' exemption, which allows importers with freight transiting to the U.S., loaded prior to February 1 and entered before March 7.
Steel & Aluminum
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On March 12, steel tariffs will apply to all products on the original Section 232 tariff lists and on 155 steel derivatives on Annex I that are classified in Chapter 73. The remaining 12 non-Chapter 73 derivatives are TBA, on hold until public notification by the Secretary of Commerce. Read More
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On March 12, aluminum tariffs will apply to all products on the original Section 232 tariff lists and on Chapter 76 aluminum derivatives listed in Annex I. The remaining 104 derivatives outside of Chapter 76 will be implemented at a later date. Read More
We will continue to update you as we learn more.
Please don't hesitate to contact your NNR Account Manager with any questions.
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