The Administration issued another update to the Section 232 steel, aluminum and copper tariff program on June 1. The program now reaches a growing list of derivative products and downstream imported goods where aluminum content is part of a larger product. The June 1 action modifies several of the 232 product annexes and makes temporary adjustments for certain equipment categories. According to the White House fact sheet, certain agricultural equipment and other equipment will be adjusted from a 25 percent tariff to a 15 percent tariff. The action also expands the category of industrial equipment eligible for the temporary 15 percent tariff treatment to include certain mobile industrial equipment, such as bulldozers and forklifts, when imported from trade deal countries eligible for that treatment. These temporary changes are scheduled to remain in place through December 31, 2027. There were also modifications to the HTS codes covered by the annexes. ...
The Aluminum Extruders Council (AEC) has led the U.S. aluminum extrusion industry in achieving level competition by winning tariff protection that offsets unfair trade practices of extruders/importers of aluminum profiles produced in China. Our efforts have been of enormous value to domestic extruders and suppliers. Conservatively, an estimated 800 million pounds per year of extrusions are being produced in the U. S. that would have otherwise been lost to China.