Section 232 Aluminum Program Ties Reduced-Duty Import Allowances to U.S. Production Investments

Short summary

President Trump issued a proclamation modifying the Section 232 aluminum tariff regime, offering companies halved duties (from 50% to 25%) on primary aluminum imports if they commit to building, expanding, or refurbishing U.S. smelters with construction beginning by January 2029. Approved onshoring plans tie import allowances to projected domestic facility output. Foreign investment in these plans may trigger CFIUS review given aluminum's national security designation.

• •Section 232 aluminum duties halved to 25% for companies with approved U.S. smelter investment plans
• •Construction must begin by January 2029; import allowances tied to projected domestic output
• •Foreign investment in onshoring plans may face CFIUS screening due to national security designation

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