Tariffs on Finished Steel and Aluminum Products Unchanged by Court Ruling
Higher import tariffs recently imposed on steel and aluminum derivative products remain in effect despite a recent court ruling suspending the collection of such tariffs with respect to one company.
The Section 232 additional tariffs of 25 percent on steel and 10 percent on aluminum were extended Feb. 8 to specific derivative products that have seen a surge in imports. Derivative aluminum articles from Argentina, Australia, Canada, and Mexico, and derivative steel articles from Argentina, Australia, Brazil, Canada, Mexico, and South Korea, have been exempted from these tariffs.
One importer filed suit to challenge this change and requested that the Court of International Trade issue a temporary restraining order to prevent U.S. Customs and Border Protection from collecting the tariffs. According to press reports, the CIT agreed but only with respect to covered goods from the complaining importer.
As a result, the higher tariffs on covered steel and aluminum derivative products from all other importers will remain in effect while the CIT considers the importer’s allegations that these tariffs are illegal. A trial is not likely to begin before summer.
ST&R will be conducting a webinar Feb. 26 on legal ways importers can lower or eliminate these tariffs. For more information on this webinar or the tariffs in general, please contact trade attorney Kristen Smith at (202) 730-4965.