The Steelmakers Association (SMA) has proposed a five-point plan to US President-elect Donald Trump’s team to help strengthen the country’s manufacturing sector. This is stated in the message of the association.
“Moving quickly to strengthen manufacturing in the United States is the best way to ensure long-term success for American workers, families and communities,” said SMA President Philip K. Bell.
He noted that the country is under constant threat from non-market economies that circumvent trade measures by dumping cheap, heavily subsidized steel and other high-emission products into the U.S. market. This makes it harder for domestic producers to compete.
The SMA’s five-point plan includes:
- strengthening tariffs to support domestic production,
- opposition to unfair trade practices,
- ending excessive regulation,
- pro-growth tax policy,
- monetizing America’s environmental benefits.
Philip K. Bell believes that domestic steel will be a priority for the new administration, as it is needed for large infrastructure projects, automotive, engineering, etc. In addition, steel plays an important role in national security.
As GMK Center reported earlier, the Canadian Steel Association has called for urgent action and dialogue between Ottawa and the new team of the US president-elect. The appeal is related to Trump’s promise to impose a 25 percent duty on all goods imported into the country from Canada and Mexico and an additional 10 percent duty on goods from China.
