U.S. CBP has posted an update to their FAQs regarding reciprocal tariffs under IEEPA and Section 232. Clarifications are highlighted below:
IEEPA
The exemption from reciprocal tariffs for goods that were loaded and in transit before April 5 applies only to goods transported via ocean vessels.
As per CBP's definition, a vessel includes every description of water craft or other contrivance used or capable of being used as a means of transportation on water.
In-transit provisions do not apply to other modes of transportation modes such as air, rail, or truck.
Shipments that begin transport by vessel but arrive in the U.S. via another mode (i.e., transloading) do not qualify for the exemption.
For entries transported other than vessel that were filed incorrectly filed under the exemption, CBP expects filers to take immediate corrective action.
Section 232
Derivatives with steel or aluminum content are not subject to reciprocal tariffs.
Articles and derivatives of steel and aluminum subject to Section 232 duties are fully excluded from reciprocal tariffs, with the entire value exempt.
For additional guidance, refer to CBP's FAQ pages: