The U.S. has announced the implementation of a North American ‘melted and poured’ standard for steel products shipped from Mexico, exempting them from Section 232 tariffs.
According to a statement from the White House, under President Joe Biden’s new policy, steel imports from Mexico will face a 25pct U.S. ‘Section 232’ tariff unless documented as melted and poured in Mexico, the U.S., or Canada.
Similarly, aluminum imports from Mexico can avoid the 10pct Section 232 tariffs if they do not contain primary aluminum smelt or cast in China, Russia, Belarus, or Iran.
Importers of steel and steel derivative articles must provide U.S. Customs with the necessary information to identify the countries where the steel used in manufacturing was sourced, the statement added.
