US Metal Manufacturers & Users Urge Mr Biden to End 232 Tariffs

Coalition of American Metal Manufacturers & Users Executive Director Mr Paul Nathanson in a letter to US President Mr Joe Biden has requested for
US Metal Manufacturers & Users Urge Mr Biden to End 232 Tariffs
Section 232 TariffsCAMMU

Coalition of American Metal Manufacturers & Users Executive Director Mr Paul Nathanson in a letter to US President Mr Joe Biden has requested for termination of former President Trump’s Section 232 tariffs on steel and aluminum imports as soon as possible and re engage US trading partners in addressing the issue of excess steel and aluminum capacity in China. He wrote “The Trump steel tariffs have hurt small, family owned manufacturers and the communities in which they built their businesses, while fracturing relations with overseas trading partners and spurring a frenzy of retaliatory trade measures with little to nothing to show for it at home. Terminating these tariffs will help fulfil your goals to help everyday Americans and return to normal ties with America’s traditional allies.”

He wrote “By taking action to terminate the Trump tariffs, your Administration can prevent US manufacturers from shutting down production lines, laying off workers, and potentially even closing their doors. By contrast, the ripple effects of allowing these Section 232 tariffs to remain are substantial. Our member companies report not only record steel prices, but also delivery times stretching 12-16 weeks, causing significant disruptions. Thousands of manufacturers cannot procure the necessary raw materials in the United States in sufficient and reasonably available commercial quantities and of a satisfactory quality leading American companies to rely on imports of steel and aluminum from many of our overseas allies.”

He added “More than 6.2 million Americans work in industries that use steel, while the steel industry itself directly employs only 140,000 workers as per pre COVID 19 pandemic data. The Trump tariffs primarily served to shift injury from one industry to a much broader segment of the economy. The data on employment in steel and aluminum production shows a muted benefit of approximately 1,000 more jobs. By comparison, a study by the Federal Reserve Board of Governors indicated that increased input costs due to the tariffs are associated with 75,000 fewer jobs in the US manufacturing sector.”

Coalition of American Metal Manufacturers & Users is a broad organization of US businesses and trade associations representing more than 30,000 companies and more than one million American workers in the manufacturing sector and the downstream supply chains of a wide variety of industries. It has written the letter on behalf of Associated Builders and Contractors Hands On Science Partnership Industrial Fasteners Institute, National Tooling & Machining Association, North American Association of Food Equipment Manufacturers, Precision Machined Products Association & Precision Metalforming Association

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