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The White House: Trump Takes Further Measures to Adjust U.S. Aluminum Import Policy
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The White House: Trump Takes Further Measures to Adjust U.S. Aluminum Import Policy
2026-07-20
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The White House: Trump Takes Further Measures to Adjust U.S. Aluminum Import Policy. The President has authorized the Secretary of Commerce to develop an incentive program to encourage companies to invest in aluminum smelters. The incentive program will require companies to submit a 'Reshoring Plan.' Upon approval, eligible companies may import primary aluminum up to a specified quota and benefit from a reduced tariff rate—equal to half of the original Section 232 tariff rate that would otherwise apply. The Secretary of Commerce will oversee and enforce all approved Reshoring Plans. If a company fails to fulfill its commitments, the Secretary may suspend and revoke its tariff benefits, including retroactively canceling previously granted concessions.
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Jensen Huang Steps Down as NVIDIA CEO; Colette Kress Named Interim Chief Executive
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