What is Section 232 Trade Remedies
Section 232 Trade Remedies refer to actions taken by the U.S. government to protect national security by regulating the importation of certain goods, particularly aluminum and steel. These remedies, authorized under Section 232 of the Trade Expansion Act of 1962, allow the President to impose tariffs or quotas on imports that threaten to impair the country's national security. The U.S. Customs and Border Protection (CBP) enforces these tariffs as part of its trade programs, ensuring that imported aluminum and steel products comply with the regulations set forth under Section 232.
Key Points of Section 232 Trade Remedies:
National Security Focus: Section 232 remedies are implemented when imports are determined to threaten national security by weakening domestic industries critical to defense and infrastructure.
Tariffs and Quotas: The most common remedies under Section 232 are tariffs, which increase the cost of imports, and quotas, which limit the quantity of goods that can be imported into the U.S.
Affected Goods: Initially focused on steel and aluminum, Section 232 tariffs may also apply to other products if they are deemed essential to national security.
Exclusions and Modifications: Importers may request product exclusions or modifications to the tariffs if they can demonstrate that the goods are not available domestically in sufficient quantity or quality.
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