Industry News

US President Biden recovers 232 tariffs on aluminum products from UAE

Views : 292
Update time : 2021-02-04 17:45:49
US President Biden recovers the 232 tariffs on aluminum products from the UAE.

Biden said in an announcement that since the tariffs on aluminum imports have been imposed, such imports substantially decreased, including a 25% reduction from the UAE, and domestic aluminum production increased by 22% through 2019 before the coronavirus pandemic began.

In light of that history, Biden believed that maintaining the tariff is likely to be more effective in protecting the US' national security than the untested quota described in Proclamation 10139.

Biden's action not only gains praise from local aluminum producers but also gains support from United Steelworkers (USW).
Related News
Read More >>
Hyundai plans to build new steel mill in Louisiana Hyundai plans to build new steel mill in Louisiana
Jan .16.2025
Hyundai plans to build new steel mill in Louisiana
Rio Tinto projects 2025 alumina production at 7.4-7.8 million tons Rio Tinto projects 2025 alumina production at 7.4-7.8 million tons
Jan .16.2025
Rio Tinto projects 2025 alumina production at 7.4-7.8 million tons
Global primary aluminum market has surplus of 295,100 tons in Nov 2024 Global primary aluminum market has surplus of 295,100 tons in Nov 2024
Jan .16.2025
Global primary aluminum market has surplus of 295,100 tons in Nov 2024
Aluminum stocks at Japan's 3 major ports grow by 13.2% m-o-m in Dec 2024 Aluminum stocks at Japan's 3 major ports grow by 13.2% m-o-m in Dec 2024
Jan .16.2025
Aluminum stocks at Japan's 3 major ports grow by 13.2% m-o-m in Dec 2024