Industrial Policy & Trade Monitor· 2663 actions· ✨ 89 recent

President Trump signed Proclamation 11032 on June 1, 2026 (effective June 8, 2026), making further adjustments to Section 232 tariff regimes for aluminum, steel, and copper. The proclamation expands temporary 15% reduced ad valorem rates to cover agricultural equipment and certain residential HVAC systems previously subject to the 25% derivative tariff, and creates a new Annex I-C establishing temporary S232 rates for mobile industrial equipment and machinery through December 31, 2027. It also designates aluminum lithographic plates and steel racks as new derivative products subject to S232 duties as an anti-circumvention measure. All temporary modifications revert to Proclamation 11021 rates after December 31, 2027.

Türkiye's Ministry of Commerce published Tebliğ No. 2026/16 on 24 May 2026 (Resmî Gazete No. 33263), completing a final sunset review (NGGS) of the existing anti-dumping measure on un-backed aluminium foil sheets and strips of thickness ≤0.2 mm (HS 7607.11, 7607.19) originating from China. The review, initiated on a petition from domestic producer Assan Aluminum Industry and Trade Inc., found that removal of the measure would likely result in continuation or recurrence of dumped imports and material injury to Turkish domestic industry. The existing 22% CIF ad-valorem anti-dumping duty — first imposed in 2014 (Tebliğ 2014/25) and previously extended in 2019/34 — is maintained for a further five years from 24 May 2026.

President Trump signed Executive Order 14404, "Imposing Sanctions on Those Responsible for Repression in Cuba and for Threats to United States National Security and Foreign Policy," on 1 May 2026. The order operationalises the country-specific national emergency declared by EO 14380 (29 January 2026) — which had been preserved after the SCOTUS *Learning Resources* vacatur of the IEEPA tariff authority — by establishing a sectoral OFAC blocking regime. Section 2 authorises asset-blocking against any foreign person determined by the Secretary of Treasury (in consultation with State) to operate in Cuba's energy, defense and related materiel, metals and mining, financial services, or security sectors, or "any other sector" subsequently designated. Section 3 suspends entry under INA § 212(f) for covered aliens. Section 4 authorises secondary sanctions against foreign financial institutions that knowingly conduct or facilitate significant transactions for blocked persons, with both correspondent-account and SDN-listing remedies. The EO itself includes no annex of named designations — those are issued by OFAC under separate determinations.

On 21 April 2026, the Canadian International Trade Tribunal issued a final injury finding in Inquiry NQ-2025-005, determining that the dumping of oil country tubular goods (OCTG) originating in or exported from Mexico, the Philippines, Türkiye, and South Korea has caused material injury to the domestic Canadian steel industry. Anti- dumping duties are payable on imports released by CBSA on or after 21 April 2026 and remain in effect for five years. The US investigation was terminated separately.

Presidential Proclamation 11021 of 2 April 2026 (signed by President Trump, effective 6 April 2026 at 12:01 a.m. EDT, published 9 April 2026 at 91 FR 18201) consolidates and restructures the Section 232 tariff architecture for aluminum, steel, and copper. The proclamation modifies Proclamations 9704 (aluminum), 9705 (steel), and 10962 (copper) and applies tiered ad valorem duties to the full customs value of imported articles regardless of metal content: 50% on aluminum/steel articles and most copper articles; 25% on certain copper articles and on derivative articles substantially made of the three metals; 10% on derivative articles produced abroad using entirely US-smelted/cast metals; and 0% supplemental duty where existing tariffs already meet a 15% combined-rate floor. UK products receive preferential rates (25% on primary articles and 15% on certain derivatives) contingent on UK smelting/casting under the US–UK trade framework.

On 2 February 2026 the Export-Import Bank of the United States (EXIM) Board approved a Direct Loan of up to USD 10 billion to an independently governed public-private partnership establishing the U.S. Strategic Critical Minerals Reserve ("Project Vault"), alongside nearly USD 2 billion of private-sector investment for an envelope of approximately USD 12 billion. The reserve will physically stockpile the 60 minerals on the USGS 2025 Critical Minerals List across multiple US storage facilities, with participating original equipment manufacturers (Clarios, GE Vernova, Western Digital, Boeing) committing to specific volumes and grades and trading partners (Hartree Partners, Mercuria Americas, Traxys) handling sourcing. EXIM characterises the transaction as the largest single financing in its 92-year history and the first use of EXIM authority as the financing vehicle for a domestic strategic-minerals stockpile rather than for export-credit insurance abroad.

The Canada Border Services Agency initiated an anti-dumping investigation (Case OCTG6 2026 IN) on 2 February 2026 into oil and gas well casing originating in or exported from Austria, following a complaint by Tenaris Canada. On 4 May 2026 the CBSA issued a preliminary determination finding a dumping margin of 22.6% of export price for Voestalpine Tubulars GmbH & Co KG, the sole named Austrian exporter, but declined to impose provisional duties, assessing that they were "not necessary to prevent injury." The case covers oil and gas well casing under 28 HS tariff classification codes (7304.29.00.12-.29 and 7306.29.00.12-.29). The Canadian International Trade Tribunal's parallel injury inquiry (NQ-2026-002) is due to conclude by 1 September 2026; only a positive injury finding triggers definitive duties.