ExecutiveOrdersEO
Proc 10895ProclamationTrump 47 · R

Proclamation 10895

Adjusting Imports of Aluminum Into the United States

This proclamation raises the U.S. tariff on aluminum imports from 10% to 25% ad valorem, effective March 12, 2025, and terminates alternative tariff arrangements with Argentina, Australia, Canada, Mexico, the EU, and the UK. It also expands tariffs to additional derivative aluminum products, terminates the product exclusion process, and targets transshipment through Mexico and other countries to address national security concerns about domestic aluminum industry capacity utilization.

Federal Register Open PDF 90 FR 9807

Impact dates

  1. Secretary determination on inclusion requests from domestic producers

  2. Secretary to establish process for including additional derivative aluminum articles

  3. Tariff rate increase to 25% ad valorem takes effect; alternative agreements terminate; general approved exclusions become ineffective

  4. USITC to revise HTSUS to conform to proclamation amendments

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Steel & aluminumAutosAerospaceOil & gasOther industrial

Mechanisms

TariffBan / prohibition

Role pressure

  • ProtectiveDomestic producer — 25% tariff and terminated exclusions aim to raise domestic smelter utilization from 52% toward 80% target; supports restart of idled capacity
  • AdverseImporter — All sources except Russia now face 25% tariff; exclusion process terminated; content reporting requirements imposed; no drawback available
  • AdverseDownstream manufacturer — Higher input costs for aluminum articles and expanded derivative coverage; no exclusion relief available even for products domestic industry can supply
  • AdverseTrading-partner exporter — EU, UK, Canada, Mexico, Australia, Argentina lose preferential access; Mexico specifically targeted for transshipment of Chinese/Russian aluminum
  • AdverseProject developer — Construction, infrastructure, and energy projects facing higher aluminum costs with no exclusion pathway

Geographies

USCNMXCAEUUKAU

Exposure dates

  • — Tariff rate increase to 25% ad valorem takes effect; alternative agreements terminate; general approved exclusions become ineffective

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

MMM3MEADSYAirbusAAAlcoaAAPLAppleBABoeingCATCaterpillarCENXCentury AluminumLNGCheniere EnergyCVXChevronCLFCleveland-CliffsCOPConocoPhillipsXOMExxon MobilFFordFCXFreeport-McMoRanGEGE AerospaceGEVGE VernovaGMGeneral MotorsHONHoneywellHYMTFHyundai MotorLMTLockheed MartinNOCNorthrop GrummanNUENucorRTXRTXSHELShell

Confidence: high · Policy alerts

Key directives

  • Increase aluminum tariff from 10% to 25% ad valorem effective March 12, 2025
  • Terminate alternative agreements with Argentina, Australia, Canada, Mexico, EU, UK as of March 12, 2025
  • Terminate product exclusion process; no new requests or renewals
  • Revoke provisions authorizing Secretary to grant relief from duties in prior proclamations
  • Secretary to establish process for adding derivative articles within 90 days
  • USITC to revise HTSUS within 10 days
  • CBP to prioritize classification reviews and assess maximum penalties for misclassification
  • Importers must provide aluminum content information to CBP
  • Derivative article tariffs effective upon Commerce certification of adequate systems

Who is ordered

Timeline

Immediate

  • Proclamation signed February 10, 2025
  • USITC directed to revise HTSUS within 10 days
  • CBP authorized to publish regulations on aluminum content reporting as soon as practicable

Near term (90d)

  • Tariff rate increase to 25% effective March 12, 2025 at 12:01 a.m. ET
  • Alternative agreements with Argentina, Australia, Canada, Mexico, EU, UK terminate March 12, 2025
  • General approved exclusions become ineffective March 12, 2025
  • Secretary must establish process for including additional derivative articles within 90 days

Long term

  • Secretary to monitor imports and review status with USTR, DOD periodically
  • Potential inclusion of additional derivative articles based on producer requests with 60-day determination timeline
  • Derivative aluminum article tariffs effective upon Commerce certification of adequate systems

Risks & tensions

  • Retaliatory tariffs from affected trade partners (EU, UK, Canada, Mexico, Australia, Argentina) likely
  • Supply chain disruption for downstream manufacturers dependent on imported aluminum
  • Potential WTO dispute given unilateral tariff increases
  • Risk of aluminum price spikes affecting construction, automotive, and packaging sectors
  • Enforcement challenges in identifying aluminum content and origin for derivative products
  • Mexico transshipment issue may strain USMCA relations
  • Australia's 'verbal commitment' dispute could damage diplomatic ties
Proclamation 10895: Adjusting Imports of Aluminum Into the United States · Executive Orders