Aluminum tariffs reinstated on Brazil and Argentina; AEC opposes the announcement
Tuesday, December 3, 2019
On Monday, December 2, President Trump announced that tariffs would immediately be restored on steel and aluminum coming from Brazil and Argentina. The announcement came in response to the two countries devaluing their currencies. Both Brazil and Argentina were exempt from the Section 232 tariffs imposed in March 2018, which included a 10% tariff on aluminum and were given quotas on how much aluminum could be imported into the U.S. on June 1, 2018 as part of their exemption.
AEC President Jeff Henderson commented, “Since their inception, the Aluminum Extruders Council has opposed the 232 tariffs on aluminum imports from market-based economies. This regressive tax on consumers is injuring U.S. aluminum extruders at a time when the market is slowing and foreign imports are rising. This announcement is clearly a step in the wrong direction.”
The Window and Door Manufacturers Association (WDMA) also shared their displeasure with the announcement. “WDMA is very disappointed with the president’s decision to reinstate tariffs on steel and aluminum from Argentina and Brazil,” says WDMA president and CEO Michael O’Brien. “This sudden action could result in price increases for window, door and skylight manufacturers and create further uncertainty in the residential and commercial construction markets. WDMA calls on the Trump Administration to abide by its 2018 agreements with both Argentina and Brazil to exclude imports from Section 232 tariffs.”