Washington, D.C. – The United States announced today that it has altered its arrangement with Canada and Mexico on steel and aluminum tariffs in place under Section 232.
Alliance for American Manufacturing President Scott Paul said:
The administration's steel trade enforcement action has stabilized the domestic industry to a point where it believes alternative arrangements can be made with Canada and Mexico. Domestic output and capacity utilization are up, more than 12,000 new jobs have been announced, and import penetration is down. Steelmakers are investing billions of dollars in their American facilities. Meanwhile, there are 476,000 job openings in manufacturing, where the unemployment rate is an astonishingly low 3 percent.
However, the work is not done. Global overcapacity is still a significant challenge. Congress and the administration must remain vigilant against dumping, circumvention and transshipment, subsidies, overcapacity, and other challenges facing our steelmakers.