Additional Section 232 tariffs—will place a 25 percent tariff on steel and 10 percent tariff on aluminum derivative products—are set to go into effect on February 8.
The steel tariffs will apply to goods from all countries except Argentina, Australia, Brazil, Canada, Mexico, and South Korea.
The aluminum tariffs affect goods from all countries except Argentina, Australia, Canada, and Mexico.
The products that will face these tariffs—some are currently tariff-free or have low tariffs—must have a recent history of increased imports, past the overall four percent import increase of all products.
The metals must also account for at least 2/3 of the product’s cost, the proclamation says. Examples of targeted products include steel nails, tacks and corrugated nails and aluminum automobile stampings, aluminum wire and cables.
Why Additional Tariffs?
This increase in tariffs comes from an assessment made by Commerce Secretary Wilbur Ross that determined “foreign producers of these derivative articles have increased shipments of such articles to the United States to circumvent the duties on aluminum articles and steel articles.”
If you have questions on how this will impact you, reach out to your Mohawk customer service representative.
Annex I—Derivatives of Aluminum Articles
Annex II—Derivatives of Steel Articles