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With 25%of tariffs on aluminum and steel imports this week, the US metal -dependent trade group is demanding exemption from the Trump administration.
Robert Budway, chairman of the CAN manufacturer research institute, said in a Wednesday statement that consumers will feel inflation on the Trump administration’s steel and aluminum imports.
“According to the recent history, trade protection scholars have shown that they have a serious impact on the US economy and domestic food security,” he said. “Aluminum and steel tariffs artificially increases the price pressure on artificially produced items, increasing the cost of important production materials, reducing the competitiveness of foreign products for micro food.”
According to CMI, the domestic can industry produces about 13.5 billion foods, drinks, aerosols and general lines every year, and employs more than 28,000 people. Since the tariff in 2018, the US tin wheat steel producer has closed nine tin factory lines.
Budway means that only three domestic production lines are open in the United States.
According to the Aluminum Association, the US Aluminum Industry has invested more than $ 10 billion since 2016, mostly invested in “medium and down stream production and recycling”.
Charles Johnson, a CEO of Wednesday, has been led by the increase in demand, competitive tax environment and strong target trade execution. We need a reliable supply of long -term market certainty and inexpensive metal. Most of them come from Canada today. “
Johnson explained the long -standing trade relationship with Canada in the US industry as a “good deal for the United States,” and demanded a deal with Canada, which has a strong supply.
According to the Aluminum Association, Canada supplies two -thirds of the primary aluminum used in the United States. In 2023, the United States imported £ 7.1 billion aluminum from Canada.
A letter to Trump in February, CMI, with US canned food producers and packaging companies. fierce,,, sound.Crown and Trium demanded exemptions.
What new tariffs will affect steel and aluminum?
- Steel and aluminum: 25%of tariffs on all steel and aluminum were effective on March 12. The EU considers the response to steel and aluminum products among other categories.
- Canada and Mexico: 25% tariffs in Canada and Mexico have been suspended until April 2. USMCA compatibility It is valid for products that are not compatible but compatible. According to data shared by the Aluminum Association, Mexico was the third largest aluminum source in the United States, about 12.2 billion pounds in 2023 and 2024. According to the Wall Street Journal, Canada has established tariffs on US $ 8.8 billion US steel products and $ 2 billion aluminum products.
- china: According to data shared by the Aluminum Association, the United States increased its new tariffs on Chinese products to 20%on March 3rd and 2024.
