MSCI Statement On U.S. Tariffs On Steel And Aluminum Imports
The Metals Service Center Institute (MSCI) stands by its 2017 testimony regarding Section 232 tariffs on steel and aluminum imports into the United States. MSCI is a North American trade association that believes in free and fair trade worldwide. We support tariffs on steel and aluminum imports into North America and commend the Trump administration for expanding the Section 232 tariffs to include downstream, derivative steel and aluminum-bearing products.
We feel Canada and Mexico should ultimately be exempt from the tariffs, assuming free and fair trade is established between the countries.
We support the administration and look forward to an expeditious decision that may ultimately lead to bi-lateral negotiations or a retooled USMCA to address the issues within the North American industrial metals economy. Ultimately, North American trading partners should work collaboratively to address unfair trading practices by countries with nonmarket economies without imposing costly penalties on one another.