⚙️New Tariffs on Steel Imports Affecting U.S. Businesses
Implementation of Duties on Steel Pursuant to Proclamation 10896 Adjusting Imports of Steel Into the United States
Summary
The President issued Proclamation 10896 "Adjusting Imports of Steel into the United States," (Steel Presidential Proclamation) on February 10, 2025, imposing specified rates of duty on imports of steel. In Proclamation 10896, the President authorized and directed the Secretary of Commerce to publish modifications to the Harmonized Tariff Schedule of the United States (HTSUS) so that it conforms to the amendments and effective dates in the proclamation. The revised HTSUS is set out in Annex 1 to this notice.
Agencies
- Commerce Department
- Industry and Security Bureau
Business Impact
$$$ - High
The regulation introduces significant tariffs on steel imports, impacting supply chain costs for businesses reliant on steel products. It mandates compliance with the revised Harmonized Tariff Schedule, influencing pricing strategies and operational budgets for affected industries.