AISI Supports Reinforcement of Steel Tariffs to Combat Unfair Trade Practices

The American Iron and Steel Institute (AISI) has expressed full support for the U.S. government’s decision to implement a 25% tariff on steel imports under Section 232 of the Trade Expansion Act of 1962. This move targets rising foreign steel overproduction, dumping, and trade violations hurting the U.S. steel industry. AISI President and CEO Kevin Dempsey highlighted that these actions will restore the integrity of steel tariffs and strengthen the national security role of the U.S. steel sector.

Background of the Steel Tariffs

In 2018, President Trump introduced steel tariffs under Section 232 as a national security measure. The tariffs successfully helped restart U.S. steel mills, created jobs, and boosted investments in steel production. However, in recent years, foreign steel producers have exploited loopholes, which undermines the effectiveness of the tariffs. As a result, these actions have allowed increased steel dumping and transshipment to flood the U.S. market. Steel dumping and transshipment, where steel from third countries bypasses tariffs, contributed to a flood of cheap steel on the U.S. market.

AISI’s Stance on Tariff Enforcement

AISI has praised President Trump’s move to reinforce these tariffs and close the loopholes that foreign producers have used to bypass the measures. The organization believes this move will curb unfair trade practices and help ensure the long-term sustainability of the U.S. steel industry. By restoring tariffs and eliminating the exclusion process, the U.S. can strengthen its steel sector and maintain national security.

The Importance of a Strong Steel Industry

AISI underlines the importance of a strong domestic steel industry to meet national defense and infrastructure needs. The renewed enforcement of steel tariffs will protect U.S. manufacturers from unfair competition. The implementation of the tariff will help the steel industry grow, create jobs, and drive further investment in production facilities. Furthermore, it will ensure that U.S. manufacturers remain competitive and protected from unfair foreign trade practices.