U.S. Administration lifts Section 232 steel tariffs on Canada and Mexico, API responds
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WASHINGTON — API released the following statement on the Administration’s decision to lift tariffs on steel and aluminum imports under Section 232 on Canada and Mexico:
“We applaud the Administration for reaching an agreement with Canada and Mexico to lift the 25% steel tariffs and not replace them with harmful quotas that would stifle U.S. investment in manufacturing and energy infrastructure,” said Kyle Isakower, API V.P. for economic and regulatory policy. “We look forward to reviewing the details of this important agreement, and commend the Administration for recognizing the negative ripple effects the steel tariffs can have on long-term energy investments in America.”
“By lifting these burdensome tariffs and not replacing them with quotas, the administration is enabling construction projects and the jobs that support them to move forward without fear of supply chain disruptions. Today’s announcement is another step in enabling the long-term delivery of reliable, affordable American energy to families and businesses.”
API is the only national trade association representing all facets of the natural gas and oil industry, which supports 10.3 million U.S. jobs and nearly 8 percent of the U.S. economy. API’s more than 600 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 47 million Americans. API was formed in 1919 as a standards-setting organization. In its first 100 years, API has developed more than 700 standards to enhance operational and environmental safety, efficiency and sustainability.