Groundbreaking Institute for Economic Policy Study Finds Section 232 of Aluminum Tariffs Created Thousands of New Jobs in United States

WASHINGTON, May 26, 2021 / PRNewswire / – Today, in a virtual webinar, the Economic Policy Institute unveiled a revolutionary study this shows the extremely positive economic impact of the aluminum tariffs under section 232. Tom conway, International President of the United Steelworkers (USW), Jesse gary, President of APAA and James powell, Foundry Director of Century’s Hawesville Foundry, were joined by Robert E. Scott, Senior Economist and Director of Trade and Manufacturing Policy Research at the Institute for Economic Policy and Adam S. Hersh, EPI Guest Economist, to unveil this research, which shows aluminum tariffs are creating thousands of new jobs in the United States while helping America rebuild.

This new report finds that measures imposed in 2018 under Section 232 of the Trade Expansion Act of 1962 allowed aluminum production and employment in the United States to rebound, saving a vital American industry. In addition, these measures have had a negligible impact on consumers of aluminum products, while jobs and investments in aluminum have increased dramatically.

“The chronic chronic overcapacity of aluminum in the world is jeopardizing the ability of the American industry to maintain operations, to develop and to invest in areas essential to national security and to economic well-being at large. “, said Robert E. Scott, EPI Principal Economist and Director of Trade and Manufacturing Policy Research, and co-author of the report. “Maintaining Section 232 aluminum import measures remains essential to stabilize and increase US aluminum production.”

“The Section 232 program allows the US primary aluminum industry to regain its strength against global overproduction while creating thousands of direct and indirect jobs in well-paying aluminum,” says Jesse gary, President of the American Primary Aluminum Association. “This study highlights the incredible impact of the Section 232 tariff program on our industry, which is essential for the national defense of our country and the future of our country. If we are to build back better, support workers Americans and protect this critical industry, we must keep the Section 232 program in place. ”

“USW members have experienced firsthand the devastating global overcapacity inflicted on their communities as the national aluminum industry facilities succumb to unfair trade,” said USW President International Tom conway. As the EPI report clearly shows, the measures of Article 232 have provided essential relief. As we seek to preserve our fragile economic recovery, it is essential that we maintain tariffs so that domestic producers can continue to invest in expanding their facilities and creating jobs. ”

“Domestic production of aluminum is essential for national defense and crucial for the economy at large,” said Adam S. Hersh, EPI guest economist and co-author of the report. “The Biden-Harris administration should continue and tighten restrictions on aluminum imports until it achieves a permanent multilateral solution to the chronic problem of excess global aluminum production capacity.”

About the American Primary Aluminum Association:

The American Primary Aluminum Association represents the interests of the American primary aluminum industry and its workers through the Aluminum Now campaign. APAA is registered and incorporated into Washington DC and operates as a non-profit trade association. To learn more, please visit: www.aluminumnow.org

SOURCE American Primary Aluminum Association

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http://www.aluminumnow.org

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