Washington D.C. – The National Foreign Trade Council (NFTC) today announced the formation of the Alliance for Competitive Steel and Aluminum Trade, a group of concerned downstream users of steel and aluminum and competitive U.S. exporters.
The Alliance, whose membership includes over 30 sectoral associations representing a vast cross-section of American manufacturers and farmers, will meet with members of Congress and the Administration to express their concern about the downstream effects of the proposed tariffs on imports of steel and aluminum announced by President Trump last week and the potential for foreign retaliation against the President’s action.
“Our alliance represents some of the most competitive industries in the U.S. economy, and we are deeply concerned about the effects that these tariffs will have on industries and companies that use steel and aluminum,” said Rufus Yerxa, President of the National Foreign Trade Council. “We are also concerned about the retaliation against America’s most competitive exporters. This ‘double whammy’ of higher prices to our domestic producers and retaliation against our exporters will endanger tens of thousands of quality American jobs.”
In a policy paper also released today, the Alliance outlined the member’s concerns regarding the proposed tariffs, including the following:
To read the full text of the policy paper, as well as the full membership of the Alliance, click here.
About the NFTC