United States Considering Aluminum Monitoring System
The U.S. Department of Commerce is seeking public comment on a proposal for a new system for monitoring imports of aluminum. Under the Commerce Department’s draft plan, the system would monitor imports to identify potential transshipments and tariff circumvention and would require aluminum importers to identify the metal’s country of origin, including where it was smelted and poured.
As Yahoo Finance reports, U.S. importers also would need to get a license for shipments. The system would replicate the Steel Import Monitoring and Analysis (SIMA) system, a similar tool used to monitor steel imports that has been in place since 2005.
The public, including businesses, have until 5 p.m. ET on May 29, 2020 to comment on the proposal. Click here to read the department’s notice and to learn how to comment.