Impacted Tariff Products
9 March 2018
Overview 
Yesterday, President Trump implemented tariffs on steel and aluminum, with target import duties of 25 percent and 10 percent, respectively.

The goal of the tariffs is to boost U.S. steel and aluminum operating capacity utilization to 80 percent, to make their going concern operations sustainable for domestic national security, infrastructure, and other emergency needs.

Repercussions and responses from other countries could trigger a trade war, and slow global and U.S. economic growth, but this is not the focus of this report.

In this report, we offer details to identify how these tariffs will impact your business.
Tariff Documents - Full Presidential Proclamations
NAFTA Exclusions
The proclamations highlight that NAFTA is still in play - for now.

From the Presidential Proclamations:

"I conclude that Canada and Mexico present a special case. Given our shared commitment to supporting each other in addressing national security concerns, our shared commitment to addressing global excess capacity for producing steel/aluminum, the physical proximity of our respective industrial bases, the robust economic integration between our countries, the export of steel/aluminum produced in the United States to Canada and Mexico, and the close relation of the economic welfare of the United States to our national security, see 19 U.S.C. 1862(d), I have determined that the necessary and appropriate means to address the threat to the national security posed by imports of steel/aluminum articles from Canada and Mexico is to continue ongoing discussions with these countries and to exempt steel/aluminum articles imports from these countries from the tariff, at least at this time. I expect that Canada and Mexico will take action to prevent transshipment of steel/aluminum articles through Canada and Mexico to the United States."
We Recommend as a Next Step:

Examine the Harmonized Tariff Schedule with the links below and confirm the categories of the products you import.
Steel Import Categories Impacted
"For the purposes of this proclamation, “steel articles” are defined at the Harmonized Tariff Schedule (HTS) 6‑digit level as: 7206.10 through 7216.50, 7216.99 through 7301.10, 7302.10, 7302.40 through 7302.90, and 7304.10 through 7306.90, including any subsequent revisions to these HTS classifications."
Lookup Steel Import Categories
Categories 7206 through 7301: https://hts.usitc.gov/?query=7206
Categories 7301 and later: https://hts.usitc.gov/?query=7301
Aluminum Import Categories Impacted
"For the purposes of this proclamation, “aluminum articles” are defined in the Harmonized Tariff Schedule (HTS) as: (a) unwrought aluminum (HTS 7601); (b) aluminum bars, rods, and profiles (HTS 7604); (c) aluminum wire (HTS 7605); (d) aluminum plate, sheet, strip, and foil (flat rolled products) (HTS 7606 and 7607); (e) aluminum tubes and pipes and tube and pipe fitting (HTS 7608 and 7609); and (f) aluminum castings and forgings (HTS 7616.99.51.60 and 7616.99.51.70), including any subsequent revisions to these HTS classifications."
Lookup Aluminum Import Categories
Semi-Finished and Scrap Metal Imports Appear Not Targeted
Many semi-finished products are excluded, as appear to be scrap metals.

But this does not prevent foreign countries from levying import duties on semi-finished metals, scrap metal, finished goods, or non-metals imports in retaliation for the implementation of these steel and aluminum tariffs.
As always, please email or call with questions.
 
Best,
Jason

Jason Schenker CMT® CFP® CVA® ERP® 
Certified Futurist and Long-Term Analyst
NACD Governance Fellow

President of Prestige Economics, LLC
Chairman of The Futurist Institute
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