AMENDED REGULATION COVERING SECTION 232 EXCLUSIONS ON STEEL & ALUMINUM PRODUCTS

In a notice to be published in the Federal Register on December 14, 2020, the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce (DOC) announced a new interim final rule amending the exclusion process with respect to steel and aluminum mill products covered by additional duties under Section 232 of the Trade Expansion Act of 1962, as amended (“Section 232”). Unless excluded, steel and aluminum products covered by this action are, respectively, subject to an additional tariff of 25% and 10% ad valorem.

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