CBP will very soon release a FAQ on some outstanding issues related to complying with the Section 232 tariffs on steel and aluminum derivatives, particularly derivatives outside of chapters 73 and 76 (see 2503140059), according to a CBP official speaking during CBP's bi-weekly ACE trade support call.
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Even Flexport's advisors are stumped over how exactly to declare a value for the aluminum or steel content for affected derivative products (see 2503140059), based on comments made during a webinar hosted by the company March 18.
Treasury Secretary Scott Bessent offered some clarity on the promised April 2 tariffs but, when pressed, didn't elaborate on vital details. He said that reciprocal tariffs would take the form of a number that the Trump administration "believe[s] represents their tariffs," but said he wasn't sure if tariffs would layer on top of Section 232 tariffs.
CBP issued the following releases on commercial trade and related matters:
CBP is considering guidance that could provide additional information on the methodology to use when declaring a value for the aluminum or steel content for affected derivative products, according to an agency spokesperson.
A State Department notice declaring that all agency efforts to control international trade now constitute a "foreign affairs function" of the U.S. under the Administrative Procedure Act will ultimately be subject to the discretion of the courts, trade lawyers told us.
Customs brokers and importers are still grappling with how to comply with the Section 232 tariffs on steel and aluminum derivatives that went into effect just after midnight on March 12 (see 2503120054).
President Donald Trump said the U.S. will "shortly" respond to EU retaliatory tariffs on U.S. whiskey with a 200% tariff on EU alcoholic beverages, including wine and champagne, if the EU whiskey tariff -- set to take effect April 1 -- isn't removed.
As the dust settles on the Trump administration's expansion of Section 232 tariffs on steel and aluminum imports, industry and consumer advocacy groups responded with either glowing support or dour predictions of economic ruin.