In this presidential proclamation, President Donald J. Trump adjusts the tariffs on aluminum imports into the United States. Originally, a 10% tariff was imposed on imported aluminum to protect national security, but it is now increased to 25% due to continued high import levels that threaten U.S. industry. Agreements with countries like Argentina, Australia, Canada, Mexico, the EU, and the UK, which allowed for exceptions to these tariffs, will end, and those countries will now face the same increased tariffs as others. This decision aims to help domestic aluminum producers by reducing reliance on foreign aluminum that is often cheaply shipped from countries like China and Mexico.
Simple Explanation
President Trump decided to make it more expensive to bring aluminum from other countries into the U.S. by raising a special tax called a tariff. This is to help American aluminum makers sell more of what they make.