The Trump administration is reviewing the scope of tariffs on car parts, steel, aluminum, and imports from China, according to recent Federal Reserve notices. This includes a public input process for expanding the list of products subject to Section 232 tariffs on auto parts. The Commerce Department is also reassessing exclusions for Section 301 tariffs on Chinese imports. The changes could enhance domestic production but may lead to increased compliance challenges and competition among importers. Stakeholders have until specific deadlines in October and November to submit comments.
Source: https://www.supplychaindive.com/news/trump-tariffs-china-steel-aluminum-review/760394/