Mr Biden to Keep Section 232 Tariffs on Aluminium from UAE
US President Joe Biden will maintain a tariff of 10% on aluminium imports from the UAE as Biden administration reviews them, as exemption was due to take
US President Joe Biden will maintain a tariff of 10% on aluminium imports from the UAE as Biden administration reviews them, as exemption was due to take effect on 3 February. Mr Biden said “In my view, the available evidence indicates that imports from the UAE may still displace domestic production, and thereby threaten to impair our national security. I consider it is necessary and appropriate in light of our national security interests to maintain, at this time, the tariff treatment applied to aluminum article imports from the United Arab Emirates.”
This reverses former US President Mr Donald Trump’s move to end the levies on his last day as president. Mr Trump had announced on January 20 that he would exempt the UAE from the tariff on most aluminium imports as the two countries had reached a quota agreement that would restrict them. Mr Trump had granted the exemption shortly after designating the UAE a major security partner and signing a deal to sell it 50 Lockheed Martin Corp F-35 fighter jets.
Trump first imposed the tariff in 2018 to revive idled aluminium facilities, open closed smelters and mills, and boost domestic production. US data showed a drop of 25% in aluminium imports from the UAE after the tariff, matched by a rise of 22% in domestic aluminium production through 2019, before the coronavirus pandemic began. Aluminium imports from UAE totalled USD 1.3 billion in 2019