Maersk issues Trade Advisory for revision of Tariff on Steel and aluminum imports into the United States

COPENHAGEN : Recent announcements regarding tariffs on steel and aluminum imports into the United States may impact your supply chain. As your logistics partner, we want to keep you informed of these developments and help you navigate this changing landscape, said Maersk in a Trade Advisory.

Effective March 12, 2025, the following updates will apply:

1. Revision of Tariff Structure: All steel and aluminum imports, including derivative products, will be taxed at 25% with few exceptions. Previous duty modifications based on country-specific agreements are repealed. Steel and steel derivatives from Turkey will also incur a 25% tariff.
2. Elimination of Exemptions: Exemptions and quotas for countries including South Korea, Argentina, Australia, Brazil, Canada, Mexico, the EU, Japan, the UK, and Ukraine will be revoked. All steel imports from these countries will be subject to the 25% tariff.
3. Expanded coverage:
4. Russia-specific tariff increases: Any aluminum article or derivative aluminum product containing Russian-origin primary aluminum is subject to a 200% tariff.
5. Prohibition of Drawback (Refunds): No refunds will be allowed on duties paid under this proclamation.