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U.S. Steel Users Warn Trump Against Section 232 Restrictions

Posted February 16, 2018

Under Economic Issues, International Trade Issues

(Steel Guru)

A letter from 15 trade associations representing over 30,000 US steel-using manufacturers and employing one million American workers was sent to President Donald Trump and senior trade officials earlier this week. The letter warns that placing Section 232 restrictions on basic steel imports will “adversely impact national security, the economy and the steel industry itself because it will undermine [United States steel using manufacturers’] competitiveness and our ability to make value-added products here.”

The letter continues, “In that event, these products will be made elsewhere, resulting in lost business and jobs for our members and reduced purchases from the domestic basic steel industry. Everyone in the US steel supply chain will be damaged by restrictions on steel imports.”

The letter also points out that the one-million US jobs represented by these steel-using associations compares to 80,000 jobs in the domestic steel industry, and that domestic steel manufacturers are reporting their best earnings in more than a decade. The letter also points to the fact that there more than 160 antidumping and countervailing duties in place against 37 countries and 25 categories of basic steel products. Click here to read more.