Section 232 tariff retention, infrastructure spending top priorities under Biden: AISI

摘要

Maintaining the existing US Section 232 tariffs on steel imports and passage of a large-scale infrastructure bill are among the priorities the American Iron and Steel Institute is pushing for as President-elect Joe Biden is set to take office in January, according to AISI interim CEO Kevin Dempsey. Stating that he is not expecting to see a near-term change to the 25% steel import tariff put in place by President Donald Trump in March 2018 under Section 232 of the Trade Expansion Act of 1962, Dempsey said now is not the time to remove the tariffs in light of increasing global overcapacity concerns.