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Tariff exemptions, steel and aluminum imports extended until 1 June

U.S. tariffs on steel, aluminum

U.S. Customs and Border Protection (CBP) today issued a release confirming reports that the United States has exempted certain countries from the tariffs, under section 232 of the Trade Expansion Act of 1962, to be imposed on imports of steel and aluminum.

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The president on 30 April 2018 issued proclamations on adjusting imports of steel and aluminum into the United States.

The exemption relating to steel applies for countries in the European Union, Canada, Mexico, Argentina, Australia, South Korea, and Brazil. The exemption is effective for the period 1 May 2018 through 31 May 2018. The exemption is based on the country of origin, not on the country of export. As of 1 June 2018, the countries excepted are Argentina, Australia, Brazil, and South Korea.

With regards to the tariffs on imports of aluminum, the countries listed under the steel exemption are the same but not South Korea.  Read CSMS #18-000317

 

The European Commission today issued a release following the U.S. announcement of the extension until 1 June of the EU's exemption from U.S. tariffs on steel and aluminum imports.

 

KPMG observation

It does not appear that drawback may be claimed for section 232 duties.  

 

For more information, contact a professional with KPMG’s Trade & Customs practice:

Douglas Zuvich | +1 (312) 665-1022 | dzuvich@kpmg.com

Andrew Siciliano | +1 (631) 425-6057 | asiciliano@kpmg.com

 

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