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President Donald Trump on Monday directed the Commerce Department to launch an incentive program designed to increase U.S. production of primary aluminum, a metal the administration considers to be in short supply despite national-security tariffs already in place.
The action, under Section 232 of the Trade Expansion Act of 1962, means the secretary of commerce may solicit and approve “onshoring plans” from companies that pledge to build new primary aluminum facilities, expand existing ones, or refurbish outdated smelters in the United States, with construction under any approved plan having to start by Jan. 20, 2029.
Companies with approved plans may then import a quantity of primary aluminum equal to the reasonably anticipated annual output of the new or expanded U.S. facility at half the Section 232 duty rate that would otherwise be applicable. The reduced-rate import allowance is limited to the value of the company’s investment on refurbishment projects….
The action, under Section 232 of the Trade Expansion Act of 1962, means the secretary of commerce may solicit and approve “onshoring plans” from companies that pledge to build new primary aluminum facilities, expand existing ones, or refurbish outdated smelters in the United States, with construction under any approved plan having to start by Jan. 20, 2029.
Companies with approved plans may then import a quantity of primary aluminum equal to the reasonably anticipated annual output of the new or expanded U.S. facility at half the Section 232 duty rate that would otherwise be applicable. The reduced-rate import allowance is limited to the value of the company’s investment on refurbishment projects….
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