With the latest updates to Section 232 tariffs, importing steel, iron, and aluminum into the U.S. has become significantly more complex. These new tariffs, layered on top of existing duties, impact supply chains across multiple industries. Currently, importers must navigate the longstanding Section 301 tariffs on Chinese goods and additional levies that vary by product origin and material composition.
China’s Expanded Tariffs
For importers bringing goods from China, most products already face a Section 301 tariff of either 7.5% or 25%. However, an additional 20% duty is now in effect for all imports from China. This change underscores the increasing cost burden on companies sourcing from China and the need for strategic planning to manage expenses.
Steel, Iron, and Aluminum Tariffs
The US now imposes a 25% tariff on all steel, iron, and aluminum products listed under Section 232. This duty applies specifically to the percentage of steel, iron, or aluminum content in a given product. Importers must now provide a detailed breakdown of material composition and value for each component in a shipment. Additionally, CBP requires the country of smelting and casting to be declared.
The only exemption to this 25% tariff is for steel, iron, or aluminum that has been fully smelted and cast in the U.S. Any other country of origin—regardless of further processing—will be subject to the duty.
Canada and Mexico: Uncertainty and Exemptions
Trade negotiations with Canada and Mexico remain in flux. While certain exemptions and temporary pauses have commenced, retaliatory tariffs remain a key factor in the discussion. With ongoing revisions and negotiations, it remains uncertain how long specific exemptions will last.
April 2nd: The Next Wave of Tariffs
By April 2nd, the U.S. expects to implement reciprocal tariffs against any country that has imposed duties on American goods. These will be applied based on the country of origin. Among the most discussed proposals:
- A potential 25% tariff on all imports from the European Union.
- A drastic 200% tariff on wines originating from the EU.
- A proposed 25% tariff on China-flagged ocean carriers arriving at U.S. ports.
Fluid Trade Environment: Staying Ahead
The situation remains highly dynamic, with updates occurring daily—sometimes hourly. Importers must stay informed to avoid costly missteps and ensure compliance with these shifting regulations.
Next Steps for Importers
Navigating these tariffs requires proactive planning and constant monitoring of trade policy updates. Companies should work closely with customs brokers and logistics providers to assess how these changes affect their shipments and costs. Everglory Logistics is committed to providing the latest insights and strategic solutions to help businesses remain competitive in this evolving trade environment. Contact our team today to ensure your supply chain remains resilient amid ongoing tariff adjustments.
