The U.S. Department of Commerce yesterday expanded the Section 232 tariffs on aluminum and steel imports, adding more than 400 derivative products that are now subject to a 50% tariff.
According to an NMMA statement:
“Several marine products could now be subject to these new tariff rates, and NMMA encourages members to work with [their] team[s] and suppliers to identify the corresponding HTS (harmonized tariff schedule) codes with imported components, parts or products.”
The announcement is the culmination of the first round of an inclusion process that began in May, which allowed domestic aluminum and steel producers to advocate for additional HTS codes and products to be subject to the 50% tariff on aluminum and steel derivative products. A second inclusion process is expected to begin in September.
The statement added that NMMA will continue working with the administration, Congress and industry partners to ensure U.S. trade policy is targeted, balanced and aligned with the needs of American manufacturers.
