News & Events
Statement Regarding 232 Steel Investigation/Tariffs on Steel and Aluminum
Updated: March, 27, 2018 –
On March 8, President Trump signed official proclamations implementing tariffs on steel and aluminum products, under section 232 of the Trade Expansion Act, as amended. During the signing, he announced tariffs of 25 percent on foreign steel and 10 percent on foreign aluminum, except for imports from Canada and Mexico. He announced that these actions were taken in response to steel and aluminum articles “imported into the United States in such quantities and under such circumstances as to threaten to impair the national security of the United States.” These tariffs went into effect on March 23, 2018 for all countries that are not exempted.
At this time, Wytech is working with our suppliers to determine the potential impact on Wytech as well as our customers. We are asking our suppliers to research the implications of the new tariffs and submit to us in writing a list of all materials and prices that may be affected. Therefore, the exposure and impact to Wytech and our customers has yet to be determined. Wytech appreciates the support of our customers and we will work closely with our suppliers to assess and minimize the impact of this change. Your Wytech Customer Service Representative will be providing periodic updates. You may also check back to this web page in the coming weeks for further updates.