On 1 February 2021, US President Biden announced via Proclamation 10144 that the 10 percent supplemental tariff on aluminium imports from the United Arab Emirates (“UAE”) would remain in effect. This action reversed action taken by the former Trump Administration, which had granted an exclusion from these tariffs for UAE-origin aluminium that was to take effect on 3 February 2021 after the UAE agreed to quota restrictions for aluminium exports to the US. President Biden’s proclamation thus effectively reversed the UAE exclusion before it took effect.
The US currently imposes a supplemental 25 percent tariff on steel imports and a supplemental 10 percent tariff on aluminium imports from most countries, including the UAE, based on the US’s position that these imports hurt American steel and aluminium producers and, therefore, threaten US national security.
Deloitte’s Global Trade Advisory specialists are part of a global network of professionals who can provide specialised assistance to companies in global trade matters. Our professionals can help companies seeking to manage the impacts and potential impacts of the developments described above by:
Meng Yew Wong