Type:Notice
Citation:90 FR 11249
Reading Time:about 14 minutes
On February 10, 2025, the President issued Proclamation 10896 to impose new duties on steel imports into the United States. This proclamation instructed the Secretary of Commerce to update the Harmonized Tariff Schedule of the United States (HTSUS) to reflect these changes. The updated tariffs and duties will be effective starting March 12, 2025, and are detailed in Annex 1 of the notice. These changes aim to adjust the rates of duty on various steel products imported from countries other than the United States.
Simple Explanation
The President announced new taxes on steel coming into the United States to protect local producers, and starting March 12, 2025, these taxes will change how much extra money countries have to pay to bring steel into the U.S.