Aluminum takeaways after 'Liberation Day' - Steel Market Update


Following President Trump's 'Liberation Day' announcement, new tariffs on aluminum products significantly impact importers, particularly regarding scrap metal and imports from countries outside the USMCA.
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If you import aluminum products, here’s where things stand after President Trump’s “Liberation Day.”

Most aluminum products, including primary, derivatives, beer, and cans, remain under Section 232 and are excluded from the new blanket tariff.

However, aluminum scrap (HTS 7602.0.00) is not excluded under the April 2 directive, and per the US Department of Commerce, it is now subject to the 10% tariff.

Quick checklist

If it’s cans or beer, you’re under Section 232, not the new blanket tariff, and duties start April 4.

If it’s scrap (7602.00), brace for the minimum 10% tariff. While scrap was previously exempt under Section 232, it is now included in the scope of the new blanket tariff – confirmed by the US Department of Commerce to CRU.

If it’s from Canada or Mexico, check USMCA compliance now, because the tariff hits are real, and enforcement is tightening. (See Executive Order for full details)

This isn’t just another tariff tweak. It’s a full reset of how the US is approaching global trade. With aluminum staying under Section 232 and everything else getting pulled into this sweeping emergency order, the message is loud and clear: If you’re not manufacturing in the US, you’re going to pay.

Country-specific rules

Canada and Mexico

If goods don’t qualify under USMCA, they face a 25% duty. If they do qualify, they remain under preferential terms, though they must prove origin. And energy and potash from Canada equal a 10% tariff, unless exempt.

China, Hong Kong, Macau

Treated as one, all face full tariff rates to block transshipment.

Everyone else

Take a look at Annex I to see the lay of the land.

HTS coverage is broad and includes everything not already under another carve-out. (Annex II)

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