ANNOUNCEMENT 31 May 2018

In May 2018, the United States issued a Proclamation imposing 232 import tariffs on certain aluminium goods from Canada, the European Union and Mexico as well as the Republic of Korea and Brazil. Additionally, the Proclamation introduces import quotas on certain aluminium goods from Argentina.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

U.S. Custom and Border Protection, QB 18-127 Absolute Quota for Aluminum Products: Argentina: https://www.cbp.gov/trade/quota/bulletins/qb-18-127-absolute-quota-aluminum-products-argentina
The White House, Presidential Proclamation Adjusting Imports of Aluminum into the United States
of 31 May 2018: https://www.whitehouse.gov/presidential-actions/presidential-proclamation-adjusting-imports-aluminum-united-states-4/
Section 232 Tariffs on Aluminum and Steel
U.S. Custom and Border Protection, Duty on Imports of Steel and Aluminum Articles under Section 232 of the Trade Expansion Act of 1962: https://www.cbp.gov/trade/remedies/232-tariffs-aluminum-and-steel

Inception date: 01 Jun 2018 | Removal date: open ended
Still in force

Import tariff

On 1 June 2018, the United States imposed import duties on certain aluminium goods from Brazil, Canada, the European Union, Mexico and the Republic of Korea. According to the United States, the tariffs are imposed for reasons of national security concerns under "national security of the United States under section 232 of the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862)."

The rate of duty on imports of certain steel goods is 10%. The tariffs enter into force on 1 June 2018.

Notably, the United States imposed import tariffs on the subject goods on 23 March 2018 with the exception of imports from a number countries including Brazil, Canada, the European Union, Mexico and the Republic of Korea, see related state act.

Additionally, the decision introduced import quotas on certain aluminium goods from Argentina, see related intervention.

Following the imposition of duties on the subject goods, the EU, Mexico have imposed retaliated against the United States imposing import tariffs on a number of US goods, see related state acts.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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Inception date: 01 Jul 2018 | Removal date: open ended
Still in force

Import quota

On 31 May 2018, the United States issued a Proclamation imposing import quotas on certain aluminium goods from Argentina. The import quota level is set annually with a quarterly limit. Quarterly and annual quota levels are set by the U.S. Customs and Border Protection. The quota varies depending on the subject good.

The import quota entered into force on 1 July 2018 for goods entering into the United States from 1 June 2018. On the same day, the United States issued a Proclamation imposing import quotas on certain steel goods from Brazil and Argentina, see related state act.

Notably, the United States imposed import tariffs on the subject goods on 23 March 2018 with the exception of imports from a number countries including Argentina, see related state act. Whilst the import tariff on the subject goods are exempt for these countries, the United States has: "agreed in principle with Argentina, Australia, and Brazil on satisfactory alternative means to address the threatened impairment to our national security posed by aluminum articles imports from these countries and extended the temporary exemption of these countries from the tariff proclaimed in Proclamation 9704, as amended, in order to finalize the details." No import restriction has to date been imposed on Australia. 

Additionally, the Proclamation introduced import tariffs on certain steel goods from Brazil, Canada, the EU and Mexico and the Republic of Korea see related intervention.

 
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