The US White House announced on the 20th that US President Trump signed a notice on the same day to provide preferential import tariffs on raw aluminum to companies investing in raw aluminum production projects in the US in accordance with section 232 of the 1962 Trade Expansion Act, etc. Foreign media analysts believe that the move is aimed at making up for the lack of raw aluminum production capacity in the US. The announcement said that the US Department of Commerce will establish a mechanism to encourage investment in the construction, expansion or renovation of aluminum smelters in the US. Eligible projects require a commitment to commence construction by January 20, 2029. The US Department of Commerce will allow the company hosting the project to import the same amount of primary aluminum as the expected annual output of the new project every year, and pay import tariffs by half in accordance with section 232 of the 1962 Trade Expansion Act. In June of last year, the US raised tariffs on steel and aluminum products imported from all trading partners except the UK from 25% to 50%. In April and June of this year, the US successively introduced policies to weaken steel and aluminum tariffs. Bloomberg reports that the US government originally wanted to increase production capacity in the US through a 50% steel and aluminum tariff, but the results of this tariff measure were limited. The US has insufficient raw aluminum production capacity and relies heavily on imports from Canada and the Middle East to meet domestic demand.

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