White House Releases Details of Tariff Schedule Changes Required by Section 232 Steel and Aluminum Tariffs
The White House released the full text, including annexes, of Presidential Proclamation 9704 and Presidential Proclamation 9705 setting across-the-board Section 232 tariffs on aluminum and steel, respectively. The proclamations create new subheadings 9903.85.01 and 9903.80.01 for aluminum and steel products covered by the tariffs, as well as new notes to chapter 99 detailing the scope of the Section 232 actions.
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Each of the annexes includes language allowing CBP to require additional information from importers necessary for the agency to administer the new tariff provisions, as well as any exemptions granted by the Commerce Department. As announced March 8, tariffs are set at 10 percent on aluminum products and 25 percent on iron and steel products. The new tariff provisions take effect at 12:01 a.m. on March 23.