President Trump Issues Last Minute Proclamations Adjusting Regulations on Imports of Steel and Aluminum

Imports of all steel and aluminum articles from Canada, Mexico, and the member countries of the EU shall remain exempt from the additional duty established until 12:01 a.m. eastern daylight time on June 1, 2018.

Steel: Imports of all steel articles from Argentina, Australia, Brazil, and South Korea* shall be exempt from the additional duty of 25% established with no expiration date at this time until details of agreements with these countries can be finalized and implemented.

*South Korea Quota: Iron or steel products: effective for goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 eastern daylight time on May 1, 2018 is subject to absolute quota. See Quota Bulletin (QB) 18-118 for details on South Korea absolute quota categories. Related quota information may also be found at https://www.cbp.gov/trade/quota.

Aluminum: Imports of Aluminum from Argentina, Australia, and Brazil remain exempt from the additional 10% tariff with no expiration date at this time until details of agreements with these countries can be finalized and implemented.

No drawback shall be available  on any aluminum or steel article pursuant to Proclamation 9704 & 9705 as amended by this proclamation.

Chapter 98: Imports subject to Section 232 duties imported under subheading 9802.00.60 shall be assessed Section 232 duties based upon the full value of the imported article.

Foreign Trade Zones: Any steel or aluminum article, except those eligible for admission under “domestic status” as defined in 19 CFR 146.43, subject to the Section 232 duties, that is admitted into U.S. foreign trade zones prior to, on or after 12:01 a.m. eastern daylight time on March 23, 2018, must be admitted as “privileged foreign status” as defined in 19 CFR 146.41, and will be subject upon entry for consumption to any ad valorem rates of duty related to the classification under the applicable HTSUS subheading imposed by the Proclamations.

Generalized System of Preferences (GSP) and African Growth and Opportunity Act (AGOA):  goods that are subject to Section 232 duties may not receive GSP or AGOA duty preference in accordance with 19 USC 2463(b)(2).