Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 49

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1
Chunk 49
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 Expansion Act of 1962 and extended these tariffs to cover imports of derivative steel and aluminum articles on February
2020 under the same legal authority. These tariffs were increased on February 10, 2025, pursuant to two executive orders from President
Trump (the “February 2025 Executive Orders”), resulting in across-the-board 25% duties on steel and aluminum imports. Additionally,
all previous alternative arrangements, such as complete exemptions, hard quotas, or tariff rate quotas, with trading partners
on imports of steel and aluminum products, have been eliminated. The February 2025 Executive Orders also eliminated the system for exclusions,
under which thousands of products were allowed to enter the U.S. free of these additional duties and create a process by which additional
“derivative” products could be added to the scope of the tariffs by request of the domestic producer.

On February 1, 2025,
President Trump issued executive orders directing the U.S. to impose new tariffs on imports from Canada, Mexico, and China, to take effect
on February 4, 2025. On February 3, 2025, President Trump announced his intention to pause these tariffs on Canada and Mexico for the
next month. The tariffs impose an additional 25% ad valorem rate of duty on all imports from Canada and Mexico (other than imports of
Canadian energy resources exports, which are subject to a 10% ad valorem rate of duty) and an additional 10% ad valorem rate of duty on
all imports from China. On March 3, 2025, the announced 25% tariff on Canadian and Mexican goods took effect and the tariff on
Chinese goods was doubled to 20%. On March 12, 2025 tariffs on steel and aluminum increased from 25% to 50% on all steel and aluminum
coming from Canada. On April 2, 2025, President Trump introduced tariffs on most countries of a baseline rate of 10%, and individualized
rates on some countries of up to 50%. On April 9, 2025, President Trump increased tariffs for Chinese goods to 125% and subsequently to
145%, while the tariffs announced on April 2, 2025 for all other countries was reduced to a baseline rate of 10% for the next 90 days.

We are currently evaluating
the potential impact of the imposition of the announced tariffs, and any additional or retali