UPDATE AND COUNTDOWN ON FURTHER U.S. IMPORT TARIFFS

UPDATE AND COUNTDOWN ON FURTHER U.S. IMPORT TARIFFS…

1. For additional information and the latest adjustments on imports of steel and aluminum into the United States, please refer to FRN 2025-02832 and FRN 2025-02833. Currently, the additional rate of duty is 25%.
2. For additional steel filing information, refer to CSMS 64348411.
3. For additional aluminum filing information, refer to CSMS 64348288.
4. For additional steel derivatives filing information, refer to CSMS # 64384423.
5. For additional aluminum derivatives filing information, refer to CSMS # 64384496.
6. Additional 25% tariffs will be applied to goods that do not satisfy the U.S.-Mexico-Canada Agreement (USMCA) rules of origin.
7. An additional 10% tariff will be applied to energy products imported from Canada that fall outside the USMCA preference.
8. An additional 10% tariff will be applied to potash imported from Canada and Mexico that falls outside the USMCA preference.
9. An additional 20% tariff will be applied to goods from China and Hong Kong (increased from 10% on March 4^th).
10. On March 24^th, President Trump issued an Executive Order instructing Secretary of State Marco Rubio to determine, at his discretion, which countries should have a 25% tariff imposed on the importation of Venezuelan oil. This will be in addition to and on top of any existing tariffs and will be effective starting April 2^nd, 2025.
11. For Section 232, Section 301, and International Emergency Economic Powers Act (IEEPA)-related U.S. Customs and Border Protection (CBP) CSMS messages.
12. On March 26^th, President Trump issued an Executive Order, effective April 3^rd, imposing a 25% tariff on imports of automobiles and certain automobile parts. The 25% tariff will only apply to the value of their non-U.S. content. Automobile parts that qualify for preferential treatment under the USMCA will be exempt.
13. More updates will be provided on April 2^nd, 2025.

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