U.S. Customs and Border Protection (CBP) today issued a release noting that a “Harmonized System Update” has been created to reflect the recent presidential decrees that effectively extend exemptions from U.S. tariffs on steel and aluminum imported into the United States from certain countries.
CSMS #18-000327 (4 May 2018) reflects modifications made as a result of two presidential proclamations (30 April 2018) adjusting imports of steel and aluminum into the United States. These changes were effective 1 May 2018 through 31 May 2018.
Adjustments required by the verification of the 2018 Harmonized Tariff Schedule of the United States (HTSUS) are included also.
The presidential proclamations were released today for publication in the Federal Register. In an annex that appears at the end of each proclamation is information to modify applicable HTSUS provisions. Read the proclamation concerning steel imports [PDF 431 KB] and the proclamation concerning aluminum imports [PDF 448 KB].
For more information, contact a professional with KPMG’s Trade & Customs practice:
Douglas Zuvich | +1 (312) 665-1022 | email@example.com
Andrew Siciliano | +1 (631) 425-6057 | firstname.lastname@example.org
<p>© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.</p> <p>KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.</p>
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.