President Raises Section 232 Tariff on Steel Imported from Turkey to 50%
On August 10, 2018, President Trump issued a new Proclamation Adjusting Imports of Steel into the United States from Turkey. Steel articles covered by Section 232 from Turkey are now subject to an ad valorem duty rate of 50%.
On August 12, 2018, U.S. Customs and Border Patrol (CBP) issued Cargo Systems Messaging Service (CSMS) #18-000477, which stated:
- The increased duty rates began at 12:01 a.m. EDT on August 13, 2018.
- In addition to reporting the regular Chapters 72 & 73 of the Harmonized Tariff Schedule of the United States (HTSUS) classification for the imported merchandise, importers shall report the following HTSUS classification for imported merchandise subject to the additional duty:
- 9903.80.02 (50% ad valorem duty rate for products of iron and steel that are the product of Turkey).
Originally published at cmtradelaw.com
Citation
Spencer Toubia, Frances P. Hadfield, Edward Goetz, President Raises Section 232 Tariff on Steel Imported from Turkey to 50%, International Trade Law (August 14, 2018) [The Library at LexBlog, LEX-WK-4XCGXGZT, lexpid.org/4XCGXGZT]
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