Sec. 202. Imposition of emissions intensity tariff
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In the case of any covered iron or steel product imported into the United States or withdrawn from warehouse for consumption on or after the date that is 90 days after the publication of the first report required by section 201(a) , the President shall impose an additional tariff— pursuant to the recommendation with respect to the applicable foreign market in the most recent report published pursuant to section 201(b) ); or in such other amount as the President may determine appropriate to carry out the purposes of this title.
In the case of any finished good which is imported into the United States on or after January 1, 2027, the President shall impose an additional tariff in an amount equal to the sum of the rates determined in accordance with paragraph
(1)with respect to each covered iron or steel product that is a component part of such finished good. For any covered iron or steel product imported from a country the Commission determines, pursuant to section 201(b)(1)(B) , is not a transparent market economy, the tariff imposed shall be double the amount calculated pursuant to paragraph
(1)or paragraph (2). The President may waive the tariff otherwise imposed under this section with respect to covered iron and steel products imported from a country if the President determines that the country— has implemented policies which impose explicit costs on the emission of greenhouse gases which are materially similar to the charges imposed pursuant to the provisions of this section; imposes such costs on similar product categories and based on the emissions intensity of production in the country of origin; achieves an emissions intensity for the domestic manufacture of covered product categories that does not exceed 150 percent of the emissions intensity of manufacture in the United States; and waives any tariffs that would be imposed pursuant to such emissions policy on products from the United States. If a covered iron or steel product imported into the United States is melted or poured in a third country, the tariff imposed under this section shall be determined based on the emissions intensity of the third country rather than the country from which the product is imported, unless the President has approved a petition submitted pursuant to section 201(c) with respect to the importation of such product.