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New HTS codes may be added to the list of derivative products covered by the 50% steel and aluminum tariffs.
Here's what you need to know and what you can do:
- What's Happening: Today, BIS posted 95 new inclusion requests that companies and industry groups submitted for consideration. These requests seek to expand the scope of products covered by the 50% steel and aluminum tariffs imposed under Section 232.
- Why it Matters: In the first round of inclusion requests earlier this year, BIS approved over 400+ out of 467 inclusion requests for steel and aluminum derivative products. This new round of inclusion requests will likely result in more derivative products being covered by the steel and aluminum tariffs.
- What You Can Do (And How We Can Help): The posting triggers a two-week comment window, where companies can respond to the inclusion requests, advocating against certain products being covered by the tariffs.
As always, we are closely monitoring the situation and are happy to assist you in assessing your tariff exposure or drafting a formal response to the inclusion requests.
Check out our new Digital Magazine Get the inside scoop on the Braumiller Law Group & Braumiller Consulting Group "peeps." Expertise in International Trade Compliance.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
