United States

The short and long game on Section 232 tariffs

Monday March 26, 2018 2:00 PM - 3:00 PM EDT
From KPMG TaxWatch

KPMG TaxWatch

On March 8, 2018, President Trump signed two separate presidential proclamations imposing a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum products under Section 232 of the Trade Expansion Act of 1962 which permits additional tariffs where national security is impacted.

KPMG professionals discussed the next steps companies should consider today and how to prepare for longer term trade disruption. Specifically, this Webcast covered the following:

  • Background on Section 232 tariffs on steel and aluminum
  • Products subject to the tariffs and industry impact
  • What imports can be exempted from the tariffs
  • Short-term savings opportunities
  • Long-term strategic planning 
  • The new trade norm: Preparing for future and retaliatory tariffs

Luis (Lou) Abad

Principal, Washington National Tax, Trade and Customs with KPMG in the U.S.

Andrew L. Siciliano

Partner, Trade & Customs Services, KPMG LLP