See Philp K. Bell’s comments on Wednesday’s announcement that the U.S. and the United Kingdom will start negotiations to find an alternative scheme to current 232 tariffs here (article link).
Statement from Philip K. Bell, President of the SMA:
“Today’s announcement that the U.S. and the United Kingdom will start negotiations to find an alternative scheme to the current 232 tariffs was expected. However, it is important that America maintains a strong Section 232 program for the U.S. steel industry at a time when imports are surging, capacity utilization is trending down, and major domestic steel producers are making monumental investments that are modernizing and electrifying our steel industry. The U.S. government should be concerned about any additional alternative arrangement that will lead to increased steel imports and support countries not committed to free and fair trade. The UK steel industry is highly export oriented, and production is dominated by firms from China and India. We must ensure that any agreement does not have unintended consequences and is structured in a way that meets the trade and climate objectives of our country.”