The International Trade Committee has lead PESA’s recent actions regarding the Trump Administration’s proposed tariffs under Section 232 of the Trade Expansion Act of 1962. This section allows the U.S. government to evaluate the effect of imported goods on national security, and tariffs have been proposed on imported steel and aluminum products.
On March 19, PESA joined the Alliance for Competitive Steel and Aluminum Tariffs (ACSAT), which represents steel and aluminum downstream users and U.S. exporters. ACSAT is led by the National Foreign Trade Council (NFTC) and is comprised of more than 40 trade associations (including PESA, API, IPAA and IADC). ACSAT’s objective is to promote policies that drive more competitive U.S. steel/aluminum production, assist workers impacted by trade, and eliminate prolonged import protection measures.
On May 17, ACSAT submitted comments urging the Department of Commerce to revise the regulations governing the 232 tariff exclusion process. PESA strongly believes that tariffs are not the right way to address global overcapacity in steel and aluminum created by China’s unfair trade practice.
PESA is also working with the American Petroleum Institute (API) to compile a list of the impacted service/supply sector HTS codes that will be included by API in an initial Section 232 impact analysis report.