Trump Administration Expands Steel and Aluminum Tariffs

Share:

2/3/2020

Trump AdminstrationLast month, President Trump issued a proclamation expanding tariffs on steel and aluminum imports. The Trump Administration imposed 25% tariffs on steel imports and 10% tariffs on aluminum imports in 2018, citing authority granted under section 232 of the Trade Expansion Act of 1962 pertaining to national security.

Starting February 8, additional products including steel nails, tacks, drawing pins, corrugated nails, and staples; aluminum stranded wire, cables and plaited bands; and bumper and body stampings of aluminum and steel for motor vehicles and tractors will be subject to tariffs.

The full list of products is enumerated in Annex I and Annex II. Products used in the manufacturing of AEM member company products are included.

While the proclamation does provide for an exclusion process if the products are determined “not to be produced in the United States in a sufficient and reasonably available amount or of a satisfactory quality,” the expansion of tariffed goods will increase the financial burden on already strained U.S. industries.

The equipment manufacturing industry is already subject to the aforementioned 232 steel and aluminum tariffs, Section 301 tariffs on goods imported from China, and tariffs in response to EU subsidies on Airbus planes. AEM continues to highlight the detrimental impact of all tariffs on the equipment manufacturing industry to the Trump Administration and will continue to work with coalition partners and Congress to oppose the imposition of tariffs.

If you have any questions about tariffs and how they may impact your company, please contact AEM’s Director of Government Affairs Alex Russ at aruss@aem.org

Subscribe to the AEM Industry Advisor for more AEM news and updates.

Advocacy & Legislation, AEM Updates

For more AEM news and updates, subscribe to the AEM Industry Advisor.

Related Articles

AEM Applauds FTC Rule That Takes Aim at Fraud on Behalf of Exhibitors

Scammers who impersonate businesses and government entities are the target of a newly passed rule from the Federal Trade Commission (FTC). The Government and Business...

A Balancing Act: Preserving Farmland While Embracing Development

South Carolina has experienced the largest population growth in the nation over the last five years. Amidst this recent uptick in population and urban development, the South...

AEM Advances Pro-Manufacturing Policy Agenda in 2024

The 2.3 million men and women of the equipment manufacturing industry make the equipment that builds, powers, and feeds the world. Everywhere you look, equipment manufacturers...

AEM Advocates for the Dairy Industry at the Wisconsin Capitol

During the past 40 years, Wisconsin has lost more than 40,000 dairy farms. Small and medium dairy farmers throughout the state are struggling to stay afloat with environmental...

AEM Talks Alternative-Powered Equipment With Canadian Ag & Transport Deputy Ministers

On Feb. 21, at the Canadian Agriculture and Food Museum in Ottawa, Ontario, AEM Ag Sector Chair Bill Hurley, AGCO, Yannick Montagano, Kubota and AEM staff met with Deputy...

View all Advocacy & Legislation