Steel and aluminum tariffs could be eating into your profits. Learn how to reduce these costs and optimize your trade compliance strategy.
When it comes to importing steel and aluminum, many businesses are unknowingly overpaying due to stacked trade tariffs. These tariffs, when combined, can surpass 60%, significantly impacting your bottom line. Understanding these duties and how to minimize them can result in substantial savings for your business. As customs professionals, compliance officers, and importers, staying ahead of these charges is crucial in optimizing your trade strategy.
In this blog, I’ll break down the key tariffs that may be affecting your imports and share actionable strategies to help you reduce your exposure. This is a key area of focus for anyone in trade compliance—whether you're handling imports in the EU, UK, or USA, or managing export operations.
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Key Questions Covered in This Blog
What are the key tariffs that impact steel and aluminum imports?
How can I avoid the additional 25% IEEPA tariff on Mexican or Canadian goods?
What are the benefits of sourcing U.S.-made steel and aluminum to avoid Section 232 tariffs?
How can I minimize duties by paying only on the material content in my products?
"Understanding the layers of tariffs on steel and aluminum imports is not just about compliance—it's about ensuring your business isn't overpaying and maximizing your bottom line."— Arne Mielken, Managing Director, Customs Manager
Abbreviations Used in This Blog
IEEPA: International Emergency Economic Powers Act
USMCA: United States-Mexico-Canada Agreement
Section 232: U.S. Trade Expansion Act (national security tariffs on steel and aluminum)
HTS: Harmonized Tariff Schedule
CBP: Customs and Border Protection
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