Decisive actions needed to tackle unprecedented US import measures on aluminium

Press release

Brussels, 1 March 2018 – European Aluminium calls on the European Commission and EU Member States to protect the aluminium industry following the announcement by US
President Trump that a tariff of 10 % will be imposed on all aluminium exports from all countries following the recommendations of the Section 232 report.
 
“We regret President Trump’s decision to impose a tariff on all aluminium imports independent of their country of origin. European aluminium exports to the US, in view of both their quantity and characteristics, do not pose any threat to US national security. Most importantly, this blanket tariff does not address the root cause of the main challenges faced by the aluminium industry today: the unsustainable and steady increase of aluminium overcapacities in China. This global challenge can only be managed effectively through a global and long-term solution based on multilateral rules and common enforcement such as the creation of a Global Aluminium Forum within G20,” commented Gerd Götz, Director General of European Aluminium.
 
These unprecedented measures threaten to destabilize global trade flows. As a result of the tariff, European Aluminium fears a disruption of the current trading relationship between the United States and Europe, which have strongly interlinked value chains and a significant number of multinationals operating in both territories. The association also expects that the measures will likely result in a redirection of aluminium products from third countries to Europe. Decisive actions must be taken to neutralise effects on European
companies.
 
“The European value chain is already under enormous pressure due to global overcapacities, the announced measures put thousands of jobs in over 600 plants, many of which are SME’s, in countries such as Germany, Italy, France, Spain, Sweden and Central and East European countries at risk. We urge the European Commission and EU Member States to implement without further delay actions to protect our industrial interests, in line with international trade rules” concludes Götz.
 
About European Aluminium:
European Aluminium, founded in 1981 and based in Brussels, is the voice of the aluminium industry in Europe. We actively engage with decision makers and the wider stakeholder community to promote the outstanding properties of aluminium, secure growth and optimise the contribution our metal can make to meeting Europe’s sustainability challenges. Through environmental and technical expertise, economic and statistical analysis, scientific research, education and sharing of best practices, public affairs and communication activities, European Aluminium promotes the use of aluminium as a material with permanent properties that is part of the solution to achieving sustainable goals, while maintaining and improving the image of the industry, of the material and of its applications among their stakeholders. Our 80+ members include primary aluminium producers; downstream manufacturers of extruded, rolled and cast aluminium; producers of recycled aluminium and national aluminium associations are representing more than 600 plants in 30 European countries. Aluminium products are used in a wide range of markets, including automotive, transport, high-tech engineering, building, construction and packaging.
For further information, please contact: communications@european-aluminium.eu, +32 2 775 63 63