Search Results for keywords:"Proclamation 10896"

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Search Results: keywords:"Proclamation 10896"

  • Type:Notice
    Citation:90 FR 12123
    Reading Time:about a minute or two

    The Department of Commerce, through the Bureau of Industry and Security, has issued a notice certifying that the systems to process and collect tariffs on aluminum and steel imports into the United States are adequate. This follows the President's Proclamations on February 10, 2025, which adjusted the import duties on these materials. The certifications confirm that the necessary processes are effectively in place to handle tariff revenue for both steel and aluminum, ensuring compliance with the new import duties set by the proclamations.

    Simple Explanation

    The government has checked and said they have good systems to make sure that when someone brings metal like steel and aluminum into the country, they pay the right amount of money called a "tariff." This helps the country collect money the right way.

  • 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.