CBP 'Exploring' Guidance on Calculating New Section 232 Derivatives Tariffs, Agency Spokesperson Says
CBP is considering guidance that could provide additional information on the methodology to use when declaring a value for the aluminum or steel content for affected derivative products, according to an agency spokesperson.
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This methodology would help customs brokers and importers comply with the new Section 232 tariffs on steel and aluminum derivatives (see 2503120054).
An agency spokesperson told ITT that CBP is "currently in the process of exploring various options to address this issue and provide further clarification to the trade community."
Customs brokers and importers have been grappling with how to comply with the Section 232 tariffs on steel and aluminum derivatives that went into effect just after midnight on March 12 (see 2503140059).