2018 US Tariff’s on Steel and Aluminum
Monday, March 12, 2018
Posted by: Liz Messner
There’s been a lot of speculation about the new tariffs recently approved. As a service to NOMMA members, I’ve found the details and the exact list of materials affected.
Sources for this information are:
1. Presidential Proclamation from the White House
2. Harmonized Tariff Schedule of the US (2018) Section XV, Chapter 72
3. Harmonized Tariff Schedule of the US (2018) Section XV, Chapter 73
4. MarketWatch news story published March 8, 2018
What is happening overview.
According to a senior administration official as reported by MarketWatch:
• Tariffs of 25% on imported steel and 10% on aluminum.
• Canada and Mexico will be excluded for now, as the U.S. discusses its national security relationships and the North American Free Trade Agreement with both countries.
• Tariffs could be modified for other countries, such as Australia
• The tariffs will go into effect March 23.
What is happening in detail.
In the Presidential Proclamation, it states:
(1) For the purposes of this proclamation, “steel articles” are defined at the Harmonized Tariff Schedule (HTS) 6‑digit level as: 7206.10 through 7216.50, 7216.99 through 7301.10, 7302.10, 7302.40 through 7302.90, and 7304.10 through 7306.90, including any subsequent revisions to these HTS classifications.
The Harmonized Tariff Schedule of the United States (HTSUS is the primary resource for determining tariff (customs duties) classifications for goods imported into the United States. It is a large document and the chapters that list the exact materials are Chapter 72 and 73.
Chapter 72 Major Headings:
I. Primary Materials; Products in Granular or Powder Form
II. Iron and Non-alloy Steel
III. Stainless Steel
IV. Other Alloy Steel; Hollow Drill Bars and Rods, of Alloy or Non-alloy Steel