Washington, D.C. – The United States and United Kingdom on Tuesday announced a new arrangement on steel imports.
Alliance for American Manufacturing President Scott Paul said:
“We welcome the Section 232 relief adjustment with the United Kingdom and note in particular the landmark auditing requirement for certain Chinese investment in British Steel. We also believe a significant pause is in order on further adjustments to Section 232 steel measures while the market absorbs recent changes made with respect to Japan, the European Union, and now the United Kingdom. The question now is how the U.S.-E.U. global arrangement will address carbon intensity and non-market production as those negotiations get underway.
“The Russian invasion of Ukraine should remind us all just how critical the domestic steel industry is to our national and economic security. Section 232 quotas and tariffs have permitted the American steel industry to recover, invest, hire, and contribute robustly to our national defense.”
Learn how Section 232 trade action saved the American steel industry and why it remains vital as long as the global overcapacity crisis continues.
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