Adjusting Imports of Aluminum into The United States

On February 11, 2025, the President issued a proclamation adjusting tariffs on aluminum imports into the United States. This episode breaks down the key changes, including an increase in the ad valorem tariff rate to 25% and the termination of existing agreements with Argentina, Australia, Canada, Mexico, the EU, and the UK. We'll explore the reasons behind these adjustments, focusing on concerns about continued high import levels, circumvention of existing tariffs, and the impact on domestic aluminum producers. Note that my information on this topic is only up to June 2024, and some details may have changed since then.