API released the following statement on the Administration’s decision to lift tariffs on steel and aluminium imports under Section 232 on Canada and Mexico:
“We applaud the Administration for reaching an agreement with Canada and Mexico to lift the 25% steel tariffs and not replace them with harmful quotas that would stifle US investment in manufacturing and energy infrastructure,” said Kyle Isakower, API Vice President for Economic and Regulatory Policy. “We look forward to reviewing the details of this important agreement, and commend the Administration for recognising the negative ripple effects the steel tariffs can have on long-term energy investments in America.”
“By lifting these burdensome tariffs and not replacing them with quotas, the Administration is enabling construction projects and the jobs that support them to move forward without fear of supply chain disruptions. The announcement is another step in enabling the long-term delivery of reliable, affordable American energy to families and businesses.”
Read the article online at: https://www.worldpipelines.com/business-news/20052019/api-on-the-lifting-of-section-232-on-steel-tariffs/
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