U.S. Commerce Department to accept Trump new tariffs exclusion requests from Monday

Steel coils sits in the yard at the Novolipetsk Steel PAO steel mill in Farrell, Pennsylvania, U.S., March 9, 2018. REUTERS/Aaron Josefczyk

Vastavam web: The U.S. Commerce Department said it will begin accepting requests on Monday for product exclusions from President Donald Trump’s new steel and aluminum import tariffs, but it could take up to 90 days for the agency to make determinations.In a notice published on Saturday on the Federal Register website, the Commerce Department said the effective date would be March 19 for its rules and procedures for the requests.

But even if these are granted, companies could be forced to pay higher costs due to tariffs on their imported products for up to three months. U.S. Customs and Border Protection has been directed to begin collecting the 25 percent tariffs on steel and 10 percent tariffs on aluminum at 12:01 a.m. (0401 GMT) on March 23.