Trade & tariffs · 05 Nov 2026 · Congressional statements, trade press
Democratic leaders move to claw back Section 232/301 tariff authority
Open discussion of restricting presidential tariff powers, with focus on Section 232, 301 and newer actions against Canada.
opportunitymediumconf. 70%
1 · What happened — evidence
- ▸Jeffries/Schumer statements on tariffs and affordability
- ▸Draft trade-authority bill circulated
- ▸Court challenges pending
2 · Why it matters to us
Section 232 covers ~62% of our US aluminium and alloy flows. Carve-outs could restore landed-cost competitiveness.
Key question · Does this change our price?
3 · Financial / operational impact
Each 10pp tariff relief on semis ≈ +€14m annual EBIT.
Route to
CEOSales DirectorSupply Chain DirectorSales & MarketsSupply ChainExecutive
4 · Affected exposures
5 · Scenario effects
6 · Decisions & actions
Introduce tariff-adjustment clauses in 2027 US contracts
Sales Director · due 28 Nov 2026 · Pending
Draft tariff clause with Legal40%
Customer pass-through analysis top-25 accounts75%