Charles Johnson, President & CEO of the Aluminum Association, issued the following statement after the Trump Administration’s decision to modify the valuation process for Section 232 derivative tariffs of certain aluminium products:

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The Aluminum Association welcomes the Trump Administration taking steps to improve the Section 232 tariff regime. In particular, we applaud the move to value aluminium-containing products based on their full value rather than only their aluminium content. This change closes a critical loophole that previously allowed unfairly traded aluminium to enter the U.S. market through downstream goods. We also support efforts to reduce tariff burdens on imported speciality equipment needed for new plants and operations. 

We look forward to partnering with the administration to further refine this program. In some markets, the new valuation regime may incentivise importing certain aluminium-intensive products, contrary to the spirit and intention of the rule. The association is working with its member companies to analyse these impacts and to resolve these issues so we can further strengthen U.S. aluminium manufacturing.”

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The Aluminum Association, which represents companies making 70 per cent of the aluminium and aluminium products shipped in North America, continues to advocate for strong, targeted trade enforcement to support the growing domestic industry. The Trump administration’s aluminium derivatives tariff is a critical bulwark against unfair trade. The industry has long documented transshipped metal entering the United States from China and other non-market economies through aluminium end products.

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Note: This article has been issued by Aluminum Association and has been published by AL Circle with its original information without any modifications or edits to the core subject/data.