New White House Actions on Tuesday made some changes to the Section 232 tariffs, including updates to the 25% tariffs set to be imposed upon many automobile parts on May 3rd.
Highlights
- A 25% Section 232 tariff will still go into effect as planned on May 3rd
- List of affected parts can be found in the Federal Register – Adjusting Imports Of Automobiles And Automobile Parts Into the United States
- If a product is subject to the IEEPA Fentanyl tariffs for products of Canada or Mexico, then it will not be subject to an additional Section 232 aluminum or steel tariff
- Adjustments made to the application of duties on products listed on the Section 232 aluminum and steel tariff lists
Please review in detail the full documents to ensure you have a clear understanding of how these adjustments could influence your business.
Executive Order – Addressing Certain Tariffs On Imported Articles
This is our best interpretation at this time, and should not be taken as legal advice. Our opinion is subject to change based on further analysis, clarification or guidance issued by CBP.
We will provide more details once available from official sources.
