The AEC was pleased to add their voice to those that testified last week in saying ‘no’ to tariffs being placed on imported primary aluminum. This action will not stop the threat from China’s overproduction of aluminum since that country does not export primary aluminum. In fact, U.S. tariffs on primary aluminum will paradoxically support China’s policies of subsidizing their semi-fabricated aluminum producers through restraints on primary aluminum exports. Placing tariffs on good trading partners with market-based economies is the wrong action, directed at the wrong target.
“If there was one point that nearly all who testified last week agreed upon, it is that Chinese overproduction of aluminum is the issue that has created the aluminum crisis in the United States – plain and simple,” said Henderson. “Any measure that misses that mark will instead work in the favor of the Chinese aluminum industry.”
In the coming weeks, the AEC will be taking this message to policy makers and members on Capitol Hill to be sure it is heard. “One thing that is undeniable in the AEC trade experience is that a cogent and well-targeted trade policy CAN and WILL produce the results the domestic industry needs. However, we must enforce our orders,” said Henderson.