Trump steel tariffs remain in effect indefinitely
Former President Donald Trump issued an order in March 2018 to Worldwide rate of 25% on imported steel and 10% on aluminum, and after almost four years, the end of these tariffs is not yet in sight. The Section 232 order was intended to increase domestic steel production and deal with excess steel capacity “dumped” into the United States from international sources.
The solar industry relies on steel and aluminum for the structural elements of arrays. The modules themselves are encased in an aluminum frame; and the scaffolding and mounting hardware, especially in ground-mounted projects, mainly use steel.
Section 232 of the Trade Expansion Act of 1962 allows the president to impose restrictions on imported goods that are determined to pose a threat to national security. By cutting domestic steel production, the United States would rely too much on imported metals, fail to meet “national defense and critical industries requirements in a national emergency,” and ultimately harm the country’s economy, the proclamation claimed.
“This relief will help our domestic steel industry to revive disused facilities, open closed factories, maintain the necessary skills by hiring new steel workers and maintain or increase production, which will meet the needs of our country. reduce reliance on foreign producers for steel and ensure that domestic producers can continue to supply all the steel needed for critical industries and national defense,” the proclamation is reading.
President Joe Biden has not indicated that he will repeal Trump’s Section 232 steel tariffs, which impose costs on steel and aluminum imported from all countries except Mexico and Canada.
“I will review the existing 232 tariffs and any other tariffs introduced to ensure that our trade policy achieves its goal of supporting workers and growing our middle class both now and in the long run.” questionnaire. “We must first carefully evaluate all the steps taken by this administration, including the private deals and commitments that may have been made.”
Biden faces pressure from steelworkers unions to both withdraw and… maintain the rates. From September 2021, the number of jobs in the steel industry showed a declining trend.
The United States and the European Union released a statement January 19 that they are discussing resolutions on the import of steel and aluminum tariffs to Britain. However, an end date for the discontinuation of the Section 232 rates has still not been announced.
Read Editor-in-Chief Kelsey Misbrener’s update on Section 301 Tariffs Affecting Inverters Made In China.