The United States and United Kingdom (UK) announced a new “232 tariff agreement” to allow historically based sustainable volumes of UK steel and aluminum products to enter the U.S. market without the application of Section 232 tariffs.
The United States will replace the existing 25% tariff on UK steel products and 10% tariff on UK aluminum products under Section 232 with a tariff-rate quota (TRQ), effective June 1, 2022.
Source KPMG
Latest Posts in "United Kingdom"
- Supreme Court Rejects Bolt Appeal in VAT Margin Scheme Dispute with HMRC
- Flashback on ECJ Cases C-34/99 (Primback) – Interest-free credit does not reduce the retail VAT base
- VAT Planning: Why It Matters
- Supreme Court Rejects Bolt Appeal in £190m VAT Dispute
- UK Schedules Maintenance for OSS and IOSS Online Services
