BIS Issues U.S. Content Assessment Guidance to CBP Under Proclamation 11032 (§232 Auto Tariffs)

BIS issued guidance to U.S. Customs and Border Protection on October 14, 2026 regarding how to assess 'U.S. content' for USMCA-qualifying products from Canada and Mexico, for purposes of implementing tariffs under Clause 2(D) of Proclamation 11032 (June 1, 2026). The guidance operationalizes the U.S. content offset mechanism in the §232 automobile tariff regime, determining which portions of a vehicle's value...