WASHINGTON, DC -- Today, in a letter to President Biden USFIA joined 32 other U.S. trade associations representing a wide range of sectors--from fashion to manufacturing, agriculture and consumer products-- calling for an end to the Section 232 steel and aluminum tariffs. The letter comes as President Biden arrives in Europe for discussions with the G7 and major trading partners.
Since their inception in 2018, the 232 tariffs on steel and aluminum have caused supply disruptions and price fluctuations for some of the most critical inputs used by U.S. manufacturers, effectively handing a competitive advantage to overseas producers and raising costs for U.S. companies that rely on steel and aluminum products. In addition, retaliatory tariffs against U.S. exports put in place by traditional trade allies have hurt a wide range U.S. exports, including fashion products.
“These tariffs continue to hurt small, family-owned businesses and the communities in which they built their companies, while fracturing relations with overseas trading partners and spurring a frenzy of retaliatory trade measures against both related and unrelated industries,” the 33 trade associations write. “The restriction on the supply of goods and raw materials resulting from the tariffs has sent a ripple throughout downstream industries, disrupting supply chains and threatening the economic security of American workers. Our members rely on the movement of their goods and inputs without [[constant]] government intervention that causes delivery delays and arbitrary price spikes,” the letter continues. You can read the full letter here.