The Tarriff Hype.
- Thread starter petros
- Start date
Perhaps my thought process is outdated or ill-informed, but I picture an announcement from a US president or other government official, and a proclamation from a throne or through a throne speech. Looking at the definition I can see that I am wrong in this mental imagery above.
A proclamation is a formal, public, and often official announcement or declaration, usually issued by a high-ranking authority, such as a head of state or mayor, to declare something of significance. It serves to announce new laws, recognize events, or declare public holidays, often being non-binding.
It goes all the way down the chain.
Dear RON, the White House issued a new proclamation on aluminum, steel and copper imports that takes effective April 6, 2026. We're providing all the details to help you prepare!
Imports into the US - New Section 232 Metals Tariff Changes
Effective April 6, 2026
On April 2, 2026, the White House issued a new Proclamation on aluminum, steel, and
copper imports, together with a related White House Fact Sheet. These changes are effective for goods entered, or withdrawn from warehouse for consumption, on or after 12:01 a.m. EDT on April 6, 2026.
The new framework provides for the following treatment of covered aluminum, steel, copper, and certain derivative articles:
• 50% Section 232 duty for products identified in Annex I-A
• 25% Section 232 duty for products identified in Annex I-B
• Removal from scope for products identified in Annex II
• Temporary special treatment through December 31, 2027, for certain steel and aluminum derivative products identified in Annex III
• Certain limited lower-rate treatment, including for specified qualifying products made with U.S.-origin metal content and for certain U.K. products
Notable Changes:
• Breakdown of Content and Non-Content Values are no longer required.
• Duty assessments based on full value of imported article
• Country of Melt and Pour for Steel – Still Required
• Country of Smelt and Cast for Aluminum – Still Required
• Country of Smelt and Cast for Copper – Now Required
Rate Structure by Category
Aluminum articles, steel articles, most copper articles, and certain Annex I-A 50% aluminum/steel derivatives. Default rate for the broadest category of covered metals from all countries not eligible for a reduced rate.
Annex I-B 25% Certain copper articles and select aluminum/steel derivative articles.
Default rate for this product list absent a qualifying reduced rate.
Products removed from Section 232 scope. Includes goods with ≤15% steel, aluminum, or copper content, where the Secretary of Commerce
Annex II – determined tariffs no longer materially address national security concerns.
Derivatives Exempt HTS codes to be confirmed via forthcoming Federal Register notice.
Removed
Note: If an article is classified in a provision that is present on multiple lists, use the aggregate weight of the listed metals.Tariff Update Advisory – April 3rd, 2026
Metal-intensive industrial and electrical grid equipment. Combined Section
Annex III – 15%
232 + Column 1 HTSUS duty rate capped at 15% through December 31,
Transitional cap 2027. Standard Annex I-B rates apply beginning January 1, 2028. Applies where aluminum was smelted or most recently cast in the UK, or UK-Origin Metal
– Annex I-A 25% steel was melted and poured in the UK. Subject to ongoing U.S.–UK trade discussions.
UK-Origin Metal
– Annex I-B 15% Same UK-origin conditions as above, applied to Annex I-B products. Applies where aluminum is entirely smelted and cast in the U.S., steel is U.S.-Origin Metal –
All Derivatives 10% entirely melted and poured in the U.S., or copper is entirely smelted and cast in the U.S. Importer documentation required for CBP.
Applies to all Russian-origin aluminum articles and any derivative
Russia – Aluminum 200% containing primary aluminum smelted or cast in Russia. Continues under Proclamation 10522 and is not reduced by April 2026 measures.
The applicable HTSUS and tariff provisions are set out in the official Annexes I-A, I-B, II, III, and IV .
Importers should immediately review affected HTS classifications, sourcing, supplier declarations, and metal-content documentation to determine whether merchandise falls within the applicable annexes and whether any reduced-rate treatment may apply. CBP’s general trade-remedy guidance is available on its Trade Remedies page. These changes are broad reaching and complex, so it is important to review this information carefully to determine the impact it may have on your products.
This alert is intended as a general summary for informational purposes only. Tariff applicability depends on product classification, origin, sourcing, and supporting documentation. Importers remain responsible for the accuracy of entry declarations and for providing sufficient records to determine tariffs, rates, and the applicability of any exclusions. Please contact us at ******* if you would like assistance reviewing impacted products, classifications, or potential duty exposure.
As this communication is not legal advice, we also recommend consultation with counsel regarding product specific applicability.
It seems that every tariff Trump puts up or war, Saskatchewan has the counter opportunity to be a world beater.
Nailed it again...
Potash, uranium, helium and now aluminum .
A massive 6.8-billion-tonne alumina deposit was discovered near Tisdale, Saskatchewan, by Canadian Energy Metals in early 2026, marking a potential "game-changer" for North American aluminum production. The deposit is not traditional bauxite but rather a polymetallic black shale, which is expected to be a more sustainable, "green" source of alumina.
Global News +3Key Findings on the "Thor Project" Discovery:
- Location & Size: Situated near Tisdale, Sask., the deposit is considered one of the largest known alumina resources in the world, stretching over a significant area.
- Nature of Deposit: Unlike traditional bauxite imported from tropical regions, this is a polymetallic shale deposit, notes Canadian Energy Metals.
- Environmental & Economic Impact: The processing is expected to be less energy-intensive than traditional bauxite refining, potentially providing a "greener" alumina for North America.
- Status: After over 150 test holes drilled since 2022, preliminary economic assessments (PEA) are highlighting the project's viability.
- Potential: Premier Scott Moe likened the potential economic impact to that of Saskatchewan's potash and uranium industries.
CBC +7
CTV News +1
From Wall Street to Singapore, hedge funds are buying up the chance to claim lucrative but risky tariff refunds from Donald Trump's administration.
Before the U.S. Supreme Court struck down the president's “Liberation Day” tariffs in February, U.S. importers paid $166 billion in extra duties at the border.
They're now hoping to see that full amount refunded — but importers who need cash in hand are already selling the refunds they’re owed on to hedge funds at a discount?
www.politico.eu
U.S. President Donald Trump‘s administration plans to launch next Monday the system it will use for issuing refunds to American importers for US$166 billion the companies paid in tariffs that the U.S. Supreme Court struck down in February as unlawful.
www.bnnbloomberg.ca
The Supreme Court ruled that Trump overstepped his authority in imposing sweeping global tariffs under the International Emergency Economic Powers Act, a 1977 law meant for use in national emergencies.
Tuesday’s filing said that as of April 9 some 56,497 importers had completed the process to receive electronic refunds for tariffs affected by the court’s ruling, an amount totaling $127 billion.
Even though the Supreme Court struck down a large portion of President Donald Trump's tariff agenda — with a judge later ordering the government to prepare to potentially pay billions of dollars in refunds to importers who paid the tariffs — consumers shouldn't expect to see any money back.
That's according to the latest CNBC CFO Council quarterly survey. While 12 of the 25 chief financial officers said their company plans to apply for tariff refunds, none said they intend to directly share that money with customers.
www.cnbc.com
It remains the president’s belief that no money should go back to companies, but after his loss at the Supreme Court, legal experts see that outcome as unlikely. The administration’s lawyers may instead focus on delaying refunds or making it tough for businesses to recover duties.
www.youtube.com
(YouTube & Donald Trump on potential tariff refunds worth $175 billion)
apple.news
Before the U.S. Supreme Court struck down the president's “Liberation Day” tariffs in February, U.S. importers paid $166 billion in extra duties at the border.
They're now hoping to see that full amount refunded — but importers who need cash in hand are already selling the refunds they’re owed on to hedge funds at a discount?
Hedge funds think they can make a killing on Trump tariff refunds
Financiers in London, New York and beyond eye big paydays as cash-strapped firms sell refunds at a discount.
www.politico.eu
U.S. set to launch tariff refund system on April 20
U.S. President Donald Trump‘s administration plans to launch next Monday the system it will use for issuing refunds to American importers for US$166 billion the companies paid in tariffs that the U.S. Supreme Court struck down in February as unlawful.
Tuesday’s filing said that as of April 9 some 56,497 importers had completed the process to receive electronic refunds for tariffs affected by the court’s ruling, an amount totaling $127 billion.
Even though the Supreme Court struck down a large portion of President Donald Trump's tariff agenda — with a judge later ordering the government to prepare to potentially pay billions of dollars in refunds to importers who paid the tariffs — consumers shouldn't expect to see any money back.
That's according to the latest CNBC CFO Council quarterly survey. While 12 of the 25 chief financial officers said their company plans to apply for tariff refunds, none said they intend to directly share that money with customers.
Tariff refunds unlikely to benefit consumers, CNBC CFO Council survey finds
Although the government could pay billions of dollars in tariff refunds, consumers shouldn't expect to see money back, according to a CNBC CFO Council survey.
Donald Trump on potential tariff refunds worth $175 billion
President Donald Trump commented potential tariff refunds worth $175 billion following the Supreme Court's decision saying Trump exceeded his authority when ...
www.youtube.com
The Trump Administration's Tariff Refund Portal Opens Soon, but Shoppers Can't Apply — Money
Billions in tariff refunds loom, but companies — not consumers — stand to benefit.
US Commerce Secretary Howard Lutnick on Friday slammed Canada as trade negotiators prepare to review the US-Mexico-Canada Agreement this year.
Asked at Semafor World Economy in Washington, DC, about Canada’s former trade chief suggesting time is on Canada’s side in the talks, Lutnick responded: “That is like the worst strategy I’ve ever heard. They suck. They — look, we are a $30 trillion economy, right?”
Canadian Prime Minister Mark “Carney has a problem with us; he gets on a plane and he goes to China,” Lutnick continued. “Does he think China’s… going to buy his stuff? China is an entirely export-driven economy. So what did he do? He came back and said, ‘Oh, we’ll take their electric cars.’ I mean, is this nuts?”
A Commerce Department spokesperson said in a statement to Semafor that Lutnick was “misquoted” when he made the “suck” comment, adding: “Secretary Lutnick, describing our unfair trade imbalance with Canada, explained how Canada sucks off of our $30T economy.”
apple.news
As of now, President Donald Trump thinks USMCA (negotiated by the Trump Administration) is “a bad deal,” Lutnick said. “It needs to be reconsidered and reimagined correctly?”
Asked at Semafor World Economy in Washington, DC, about Canada’s former trade chief suggesting time is on Canada’s side in the talks, Lutnick responded: “That is like the worst strategy I’ve ever heard. They suck. They — look, we are a $30 trillion economy, right?”
Canadian Prime Minister Mark “Carney has a problem with us; he gets on a plane and he goes to China,” Lutnick continued. “Does he think China’s… going to buy his stuff? China is an entirely export-driven economy. So what did he do? He came back and said, ‘Oh, we’ll take their electric cars.’ I mean, is this nuts?”
A Commerce Department spokesperson said in a statement to Semafor that Lutnick was “misquoted” when he made the “suck” comment, adding: “Secretary Lutnick, describing our unfair trade imbalance with Canada, explained how Canada sucks off of our $30T economy.”
US commerce secretary lashes out at Canada ahead of trade talks: ‘They suck … Is this nuts?’ — Semafor
Howard Lutnick spoke at Semafor World Economy months before USMCA is due for an extension.