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AIA proposes lowering energy costs, instead of steel tariffs, to support industry

06 March 2018

Key Points

  • A leading US trade group suggests lowering energy prices as opposed to enacting steel tariffs
  • President Trump proposed a 25% tariff on foreign-sourced steel and a 10% tariff on aluminium

The US government should lower energy prices to support its steel industry as opposed to enacting tariffs, a leading aerospace trade group has proposed.

Aerospace Industries Association (AIA) spokesperson Dan Stohr said on 5 March that steel and, to a lesser extent, aluminium, are used extensively in shipbuilding, both in plate and in fasteners. Stohr said one of the biggest reasons for higher costs in domestic steel and aluminium is energy.

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