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The duty applies to specific steel and steel derivative products entered into the U.S. for consumption or withdrawn from a warehouse after 12:01 a.m. EDT on March 12, 2025.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.