Steel industry executives told a bipartisan panel of House members that Canada and Mexico shouldn't be allowed an exemption from Section 232 tariffs, and a representative of Nucor, the largest U.S. steel manufacturer, asked the members to "vocally oppose any efforts to weaken these measures, whether through carve-outs for countries like Canada and Mexico or through gamesmanship like under-reporting the value of steel and steel products."
Despite a clamor from the trade community for guidance on how to calculate metal content value for Section 232 duty purposes, CBP seems hesitant to issue a customs ruling on the subject, according to trade attorney Mollie Sitkowski. The agency already has punted on the issue several times this fall, claiming that Section 232 tariffs are a Department of Commerce issue, she said.
Taiwanese auto parts and derivative goods subject to the lumber 232 actions will be subject to a 15% tariff, rather than the 25% rates applicable to most countries, the Commerce Department announced. The reciprocal tariff for Taiwan will also be cut, from 20% to 15%, inclusive of most-favored nation duties.
Taiwanese auto parts and lumber derivatives subject to Section 232 actions will be subject to a 15% tariff, rather than the 25% rates applicable to most countries, the Commerce Department announced Jan. 15. The reciprocal tariff for Taiwan also will be cut, from 20% to 15%, inclusive of most-favored-nation duties.
Public comments submitted to the Commercial Customs Operations Advisory Committee's Jan. 14 meeting were supportive of the committee's recommendations calling for CBP to release clearer and additional guidance on how importers can comply with Section 232 tariffs (see 2601120017), particularly when it comes to the valuation of steel and aluminum content.
Certain advanced chips -- including the NVIDIA H200 and AMD MI325X, a White House fact sheet said -- will be subject to 25% Section 232 tariffs starting Jan. 15, but a broad array of domestic uses of those chips are carved out from the action.
Certain advanced chips, whose parameters are described in the annex to a presidential proclamation, will be subject to 25% tariffs starting Jan. 15, but a broad array of domestic uses are carved out of the Section 232 action.
While the Venezuela military action doesn't affect trade substantially, a panel of experts said the fallout with regard to President Donald Trump's comments about Greenland afterward could "blow up the U.S.-EU deal."
The New York Times reported that Taiwan is close to reaching a tariff deal with the U.S., and its headline tariff rate will be reduced from 20% to 15%. Most Taiwanese exports are not facing any tariffs, because they were carved out of the International Emergency Economic Powers Act tariff actions.
Members of the Commercial Customs Operations Advisory Committee are urging CBP to provide more clarity on how to comply with Section 232 tariffs, as well as suggesting that CBP enable importers to use publicly available metal commodity pricing for valuation purposes, according to a list of recommendations that the committee is expected to vote on during its quarterly meeting on Jan. 14.