U.S. Steel Tariffs - Guidance
Our update provides clarity on how the 25% import duty on specific steel products under Section 232 will be implemented + download affected product list
Key points:
The duty applies to specific steel and steel derivative products entered into the U.S. for consumption or withdrawn from a warehouse after 12:01 a.m. EDT on March 12, 2025.
Importers must follow new reporting guidelines based on the steel content value.
Product exclusions will expire on March 11, 2025, and Section 232 quotas will no longer be in effect after that date.
Foreign Trade Zones (FTZ) must follow new rules for products entering after March 12, 2025.
Importers should update their filings to ensure compliance with the new duties and classifications.
Subscribers to the Premium Plan will receive comprehensive guidance on the 25% import duty for steel and its derivatives. The detailed update includes information on affected HTS codes, exclusions, quotas, and reporting instructions, ensuring compliance with Section 232 requirements and helping to avoid costly mistakes. Download now for expert insights and resources. Start your free trial today at www.customsmanager.info.
Detailed Guidance - Import Duties on Steel and Steel Derivatives
Starting at 12:01 a.m. EDT on March 12, 2025, a 25% import duty will apply to certain steel articles and steel derivative products from all countries. This update follows CSMS #64348411 and is based on Proclamation 10896, issued by the President on February 10, 2025, under Section 232 of the Trade Expansion Act of 1962.
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What You Need to Know:
The 25% duty applies to specific steel and steel derivative products, as outlined in the Harmonized Tariff Schedule of the United States (HTSUS).
The duty applies to steel products and derivative steel products entered for consumption or withdrawn from warehouse after 12:01 a.m. EDT on March 12, 2025.
There are various HTS classifications for steel and steel derivatives. For example, certain steel derivatives will be subject to HTS 9903.81.91 with the 25% duty based on the steel content.
Exclusions and Quotas:
Exclusions for specific products will expire on March 11, 2025, and products will be subject to the 25% duty starting March 12, 2025.
The Section 232 quotas will also end on March 11, 2025, and entries after that date will not qualify for quota rates.
Foreign Trade Zones (FTZ):
Steel and derivative products admitted to a U.S. FTZ before March 12, 2025 will be subject to the new duties when entered for consumption after that date.
For steel in FTZs, products must be granted “privileged foreign status” to be subject to the new duties.
Reporting Instructions:
For products with a steel content, the duty must be reported based on the value of the steel.
If the steel content is less than the total value of the article, report the non-steel and steel content separately.
Next Steps for Importers:
Ensure all steel and steel derivative entries are filed correctly starting March 12, 2025, with the proper HTS classification.
If you have questions or encounter issues, contact TradeRemedy@cbp.dhs.gov or your CBP client representative.
This new duty will affect many steel products, so it is crucial to ensure compliance by reviewing the HTS classifications and reporting requirements carefully.
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