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04 MAY 2020 AL CIRCLE

American Senators knock the door of Donald Trump to address administrative failure over Chinese aluminium excess capacity

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

The US senators Patty Murray and Maria Cantwell and Representative Suzan Delbene and Rick Larsen have forwarded a letter to President Donald Trump, marking out the administrative failure towards competently addressing Chinese aluminium excess capacity and seek it to emphasize resolving this issue.

 The excess aluminium capacity of China has weakened prices in the worldwide market and has equally dented US businesses and workers, mostly in the state of Washington.

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American Senator knocks the Donald Trump for Chinese aluminium infiltration

The Lawmakers wrote: “We have a shared interest in addressing unfair trading practices and protecting American jobs in the domestic aluminium industry, but it is clear that your current policies are not working. Two years later, excess capacity in China is still a serious problem for the American aluminium industry.”

Alcoa made public last week that it would be retrenching operations at its Intalco facility in Ferndale, Washington and also specified falling prices and an increased global surplus of aluminium in its announcement.

The Letter also said: “It is evident that your Administration’s approach to Chinese overcapacity so far has not had its intended effect and we urge you to prioritize resolving this issue,” the letter continues. We strongly urge you to fix the broken exclusion process. It is appropriate to grant some companies, especially small businesses, exclusions if necessary. However, it is troubling that the Department of Commerce granted exclusions at volumes that vastly exceed current import levels. The Aluminum Association sent a letter to Commerce Secretary Wilbur Ross on April 22nd about this issue, and we strongly urge you to address this as soon as possible.”

Report on Industry 4.0 in Aluminium

The Letter has been concluded by saying: “Finally, this Administration must start working closely with our allies to combat China’s predatory trade practices. We may have areas of disagreement with our allies on some trade issues, but this is one area where working together has always had the potential to have an important impact.”


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EDITED BY : RUPANKAR MAJUMDER 2MINS READ

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