New Tariffs: Definition & Exclusion
When President Trump announced the 25% steel and 10% aluminum tariffs on March 8, 2018, he instructed the Secretary of Commerce to issue regulations explaining how American companies could seek exclusions from those tariffs no later than March 19, 2018, and that deadline has been met. These new regulations can be found here.
Before we discuss the new regulations, we should start with the data Customs and Border Protection (CBP) released with its programming updates to implement these safeguard tariffs.
The HTS numbers added are:
9903.80.01 STEEL PROD, NOTE 19,EX CA/M 25%
9903.85.01 ALUMINUM PROD, NOTE 19,EX CA/M 10%