WASHINGTON, D.C. – Kevin Dempsey, president and CEO of the American Iron and Steel Institute (AISI), issued the following statement in response to the announcement this afternoon of an agreement between the U.S. and Japan to impose a tariff-rate quota (TRQ) on steel imports from Japan under Section 232:
“We thank Secretary Raimondo and Ambassador Tai for ensuring that, as the United States and Japan seek to expand their cooperation on addressing global steel excess capacity and related trade and customs enforcement matters, a tariff-rate quota (TRQ) on steel imports from Japan will be established under Section 232 to prevent another steel import surge that would undermine our industry and destroy good paying American jobs.
“We appreciate the Biden administration’s continued recognition that the American steel industry is critical to our national and economic security and to efforts to build a more sustainable U.S. economy. Proper implementation and enforcement of the TRQ will be essential to the ongoing success of the Section 232 program, as will continued vigorous enforcement of our laws to prevent circumvention and evasion of U.S. trade remedy measures on steel.”
Contact: Lisa Harrison