Five major trade associations representing America’s steel producers, fabricators and workers, wrote to President Biden on May 19, 2021 to emphasize the importance of the steel tariffs put in place by the U.S. government in 2018.
The letter explained that the tariffs were necessitated by repeated surges in steel imports driven by global steel overcapacity that threatened the U.S. steel industry and the nearly two million jobs it supports.
“The tariffs have been a success, allowing our industry to restart idled mills, rehire laid-off workers and invest in the future. Since the tariffs took effect, American steel producers have announced plans to invest more than $15.7 billion in new or upgraded facilities —investments that are now beginning to bear fruit in the form of permanent, family-sustaining steel jobs and economic activity that supports communities across the United States.”
The full content of the letter can be accessed here.
