Approved companies investing in new U.S. aluminum production may be allowed to import certain quantities of primary aluminum at 50% of the current Section 232 tariff rate. This is not an immediate or broad tariff reduction for the finished aluminum containers, trays, or foil products imported by Galaxy.
At this time, your landed cost does not change. The program is limited to approved investors and applies specifically to primary aluminum. Do not reduce customer pricing. Ask your customs broker to confirm the applicable HTS-specific Section 232 duty rates for your products. If suppliers attempt to justify price increases based on this announcement, request cost-based evidence, as there is no direct cost increase or reduction affecting your imports at this time.