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ACC Applauds Removal of Section 232 Tariffs on Steel and Aluminum Imports from Canada and Mexico

CONTACT US
Andrew Fasoli
CONTACT US

WASHINGTON (May 20, 2019) – The American Chemistry Council (ACC) issued the following statement in response to an agreement by the United States, Canada, and Mexico to remove all tariffs and retaliatory countermeasures resulting from the Section 232 investigation:

“ACC applauds the U.S. Administration for removing the tariffs on steel and aluminum imports from Mexico and Canada without imposing harmful quotas. We also welcome Canada’s announcement today that it will lift its country’s retaliatory countermeasures against the United States, including tariffs on $2.5 billion in U.S.-made chemical exports. The chemical industry can now get back to the business of building multimillion and multibillion dollar chemical manufacturing facilities across the United States, creating jobs, and growing our exports to the rest of the world.

“Chemical manufacturing facilities are a critical part of our business, transforming millions of dollars of research and development into real-world chemistry innovations. But building them is a heavy task – some require up to 18,500 short tons of steel and 1,150 short tons of aluminum. Tariffs on imports of these products can potentially add billions of dollars to our construction costs, spooking investors and putting more than half of the $204 billion in announced chemical industry investment projects at risk.

  “ACC and its members urge all three parties to build on this important and commercially meaningful step by ratifying the United States-Mexico-Canada Agreement (USMCA) as soon as possible.”

American Chemistry Council

The American Chemistry Council’s mission is to advocate for the people, policy, and products of chemistry that make the United States the global leader in innovation and manufacturing. To achieve this, we: Champion science-based policy solutions across all levels of government; Drive continuous performance improvement to protect employees and communities through Responsible Care®; Foster the development of sustainability practices throughout ACC member companies; and Communicate authentically with communities about challenges and solutions for a safer, healthier and more sustainable way of life. Our vision is a world made better by chemistry, where people live happier, healthier, and more prosperous lives, safely and sustainably—for generations to come.

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