Trump Offers to Halve Aluminum Tariffs for Onshoring Commitments
President Donald Trump signed a proclamation on July 20, 2026, offering to reduce aluminum import tariffs by half for companies that commit to investing in U.S. domestic production. Currently, most aluminum imports face a 50% tariff. Under the new program, Commerce Secretary Howard Lutnick will establish an application process where companies must submit plans to build, refurbish, or expand U.S. aluminum facilities and commit to beginning construction by January 20, 2029. The Commerce Department will evaluate factors including commercial feasibility and projected annual production. Approved companies will receive halved tariffs on a volume of imports matching their projected production levels. This action builds on a similar program for steel and aluminum producers in Canada and Mexico, which required compliance with USMCA and intensive record-keeping. Further details on implementation timing and additional requirements were not disclosed.
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