News & Analysis as of

Supply Chain Trade Expansion Act of 1962 Automotive Industry

Troutman Pepper Locke

New Section 232 Tariffs on Automobiles and Automotive Parts

Troutman Pepper Locke on

On March 26, President Trump issued Proclamation 10908, “Adjusting Imports of Automobiles and Automobile Parts Into the United States” (Proclamation), imposing a 25% additional tariff on imports of passenger vehicles, light...more

ArentFox Schiff

New 25% Auto Tariffs Announced Under Section 232: What Importers and Auto Suppliers Need to Know

ArentFox Schiff on

On March 26, the Trump Administration announced a sweeping new trade action: a 25% tariff on imported automobiles and certain automobile parts from all countries, under Section 232 of the Trade Expansion Act of 1962....more

ArentFox Schiff

Impact of Section 232 on the Electric Mobility Supply Chain

ArentFox Schiff on

Rare-earth magnets (i.e., neodymium-iron-boron permanent magnets), widely considered the most efficient way to power EVs, are the latest commodity to be potentially subject to Section 232 tariffs, which have previously been...more

Foley & Lardner LLP

The Automotive Sector Faces Sharply Increased Duties and International Trade Risks Following Announcement of Unprecedented Section...

Foley & Lardner LLP on

On March 1st, the automotive sector that consume steel and aluminum were confronted with a potentially large tariff rate increase. Despite intense lobbying by automotive companies, President Trump announced that the U.S....more

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