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US Tariffs on Articles of Iron or Steel from Paraguay — 60% (2026)

Tariff Rate Breakdown

10%

Section 122 Base

50%

Section 232

60%

Total Effective Rate

Paraguay is a significant source of articles of iron or steel imports into the United States, with approximately $1.5B in total bilateral trade.

As of March 2026, articles of iron or steel imports from Paraguay face a base tariff rate of 10% under Section 122 of the Trade Act of 1974. This rate replaced the previous IEEPA reciprocal tariff following the Supreme Court's 6-3 ruling in V.O.S. Selections Inc. v. United States on February 20, 2026.

Under the Trade Act of 1974, Section 122 tariffs are limited to 150 days. The current 10% rate expires around July 24, 2026. Congressional action would be required to extend these tariffs beyond that date.

Products in this chapter may be subject to Section 232 tariffs of 50% on steel and aluminum items, which were doubled in June 2025 and remain unaffected by the SCOTUS ruling. When applicable, the combined rate reaches 60%.

Key products in HTS Chapter 73 imported from Paraguay include Steel structures, Steel containers, Screws and bolts, Steel springs, Wire fencing, and Steel nails.

Common Products in Chapter 73

Steel structuresSteel containersScrews and boltsSteel springsWire fencingSteel nailsStoves and radiatorsSteel doorsChain

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Frequently Asked Questions

What is the current tariff rate on articles of iron or steel from Paraguay?

As of March 2026, articles of iron or steel from Paraguay face a base tariff of 10% under Section 122. Section 232 tariffs of 50% apply to steel and aluminum products. The effective rate can be up to 60%.

Will the tariff on articles of iron or steel from Paraguay change?

The Section 122 tariff of 10% expires approximately July 24, 2026, unless Congress extends it. Section 232 tariffs on metals also have no set expiration. Monitor legislative developments for updates.

How did the Supreme Court ruling affect articles of iron or steel imports from Paraguay?

The Supreme Court's February 20, 2026 ruling struck down IEEPA reciprocal tariffs as exceeding presidential authority. The president signed a replacement 10% tariff under Section 122 the same day, effective February 24.