US-UK Agreement on Steel & Aluminum Tariffs
On March 22, 2022, the U.S. & U.K. have reached an agreement over steel and aluminum tariffs.
Section 232 additional tariffs on certain steel and aluminum products made in the U.K. will transition to a tariff-rate quota (TRQ) on June 1, 2022.
Products imported within-quota will be free of Section 232 duties, and products imported above-quota will be subject to 25% on steel products and 10% on aluminum products. The exclusion process will remain as-is. Derivative products will not be subject to Section 232 duties.
To qualify for the TRQ, steel imports must be "melted and poured" in the U.K. and have a U.K. country of origin. Products further processed in the EU and subsequently imported into the U.S. may be eligible for duty-free treatment under quota against the U.K. TRQ volume.
The agreement includes stipulations on U.K. steel producers owned or controlled by a company registered in China or a Chinese entity to ensure there is no evidence of market-distorting practices by that producer.
Semi-finished aluminum products must not contain primary aluminum from China, Russia, or Belarus.
A Certificate of Analysis is required for each aluminum product and smelted primary aluminum used in the manufacturing of the product entering into the U.S.
Additional information can be found on:
- Announcement of Actions on U.K. Imports Under Section 232
- Steel & Aluminum U.S. - U.K. Joint Statement