New tariff updates on steel and aluminum are set to reshape global trade. On February 10, 2025, the incoming administration announced increased tariffs on these metals to 25%, broadened the list of covered products, and eliminated country exemptions.
For Foreign Trade Zone (FTZ) operators and importers, these changes raise compliance costs and require careful inventory planning. ITC Diligence International is here to help businesses navigate these shifts with proactive strategies.
Key Updates to Steel and Aluminum Tariffs
- Aluminum Tariffs Rise – Increased from 10% to 25%
- Steel Tariffs Expand – Still 25%, now covering more products, including nails, tacks, automotive components, and household steel items.
- No More Exemptions – All country-specific exemptions and quota allowances are eliminated
These changes increase costs and compliance risks for businesses importing steel and aluminum. Companies should reassess their supply chains and tariff strategies to stay competitive.
How This Affects FTZ Businesses
Inventory Planning is Critical
If you have steel or aluminum in Non-Privileged Foreign (NPF) status, now is the time to assess your inventory before the tariffs take effect on March 12, 2025.
Increased Compliance Costs
With tariff rates rising and exemptions removed, cost management and supply chain adjustments are more important than ever.
Uncertainty Around Aluminum Treatment - Stay Ahead of the Changes
Unlike steel, the new aluminum tariff order lacks clear PF status guidelines, creating uncertainty for FTZ operators. Regulatory updates are expected, and businesses must stay vigilant.
Don't wait for surprises—stay informed and prepared! ITC Diligence International helps businesses navigate complex tariff changes, ensure compliance, and minimize financial impact.
Get expert guidance and real-time updates—connect with us today!
ITC Diligence International: Your Trusted Partner in Global Trade and Compliance Solutions
At ITC Diligence International, we specialize in helping businesses streamline global operations, navigate complex trade regulations with confidence, and unlock the full potential of Foreign Trade Zones. As international trade consultants with over two decades of experience, our expert team provides tailored solutions in FTZ setup, sub-operator solutions, customs brokerage, supply chain optimization, cargo insurance and bonded warehousing.
By combining deep regulatory expertise with a client-focused approach, we empower companies to achieve cost efficiencies and maintain compliance while staying competitive in today’s global markets.
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