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Steel and lumber prices are sky-high Lifting Trump s tariffs could help
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US aluminum tariffs achieved goal in saving, growing domestic industry: panel
The US’ 10% tariff on aluminum imports from most countries accomplished its stated purpose of protecting the at-risk domestic aluminum industry in the interest of national security, market analysts and participants said May 26 after the release of a report from the Economic Policy Institute.
EPI Senior Economist Robert Scott said the tariff, imposed by former President Donald Trump under Section 232 in 2018, came at a time when the US primary aluminum industry was “hanging on by a thread.”
“The industry was threatened with collapse, and the US had the only existing high-quality, high-purity aluminum smelter that was running in the NATO countries,” Scott said in a virtual panel discussing the EPI’s May 25 report on the tariff’s impact.
Steelworkers, Ohio refinery up pressure to keep Line 5 open
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The United Steelworkers International union and workers from the Toledo Refining Company are mounting renewed opposition to Gov. Gretchen Whitmer s planned closure of Enbridge s Line 5.
The United Steelworkers has been advocating for Line 5 s continued operation since 2019 but launched the Future on the Line campaign in February to increase the union s reach.
Refinery workers plan to testify and gather at the Lansing Capitol Tuesday, the day before Whitmer s deadline for the closure of the oil pipeline through the Straits of Mackinac. They plan to line the Capitol lawn with more than 300 hardhats to represent the Steelworkers union jobs that would be lost at the Toledo refinery if the pipeline is closed.
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