The US Department of Trade announced a significant expansion of trade measures 232, adding 407 new codes of steel and aluminum products to which tariffs are distributed. The decision, which entered into force on August 18, expands the scope of duties and affects the wide range of industries.
50 percent tariffs for 407 additional products
according to the Bureau of Industry and Safety (BIS), recently added codes of products. They include profiles, railway and pipeline reinforcement, all of which will now be taxed with a 50 percent tariff depending on the content of steel and aluminum.
Inalum content will remain the subject of existing mutual or applicable tariffs, but the expanded coating significantly increases the costs for the costs Importers.
In February, the Trump administration included a list of 167 “derivatives” steel products in section 232 to regulate steel imports in the United States, as previously reported
