🔩Proclamation 10895
Adjusting Imports of Aluminum Into the United States
Summary
Proclamation 10895 adjusts aluminum imports into the U.S. by raising tariffs from 10% to 25%. It terminates existing agreements with several countries, enhances compliance measures, and revokes product exclusions, aiming to protect national security by reducing reliance on foreign aluminum. The proclamation addresses ongoing issues of oversupply and competition affecting domestic aluminum producers.
Agencies
- Executive Office of the President
Business Impact
$$$ - High
The proclamation increases the aluminum import tariff from 10% to 25%, impacting businesses by raising costs for imported aluminum and related products. It terminates existing agreements that previously exempted certain countries, and it revokes the product exclusion process, further compounding financial impacts on companies relying on aluminum imports.