‘Bad policy’: U.S. aluminum bosses slam tariffs, say quotas are risky [Financial Post (Toronto, Ontario, Canada)]
Alcoa Corporation (AA)
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Source: Financial Post
'Bad policy': U.S. aluminum bosses slam tariffs, say quotas are risky The real issue on the world stage with aluminum and fair competition is China, say aluminum companies Top executives from the U.S. aluminum industry say substituting quotas for import tariffs will squeeze supply of the metal, making it “harder, even impossible” for American companies to grow and invest. The United States has been pushing Canada and Mexico to accept quotas in exchange for lifting the tariffs on steel and aluminum imposed by U.S. President Donald Trump last year. That strategy — which Mexico City and Ottawa have resisted — risks creating shortages that disrupt supply chains and tie up funds that would otherwise be used for business investment, said Jean-Marc Germain, chief executive of Amsterdam-based Constellium N.V. which operates a number of facilities in the U.S. “We know aluminum regularly crosses the border multiple times before reaching an end user as a finished product,” Germain told reporters
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