SMA President Philip K. Bell, president of the Steel Manufacturers Association (SMA) is celebrating US President Donald Trump's Rose Garden celebrations in the White House, claiming that 'the last time we gathered with President Trump at the White House, he signed the initial 232 tariffs, which revitalised our industry'.
According to Bell, “President Trump is a champion of the domestic steel industry, and his America First Trade Policy is designed to fight the unfair trade that has harmed American workers and weakened manufacturing in the United States. The recently reinvigorated 232 steel tariffs have already started creating American jobs and bolstering the domestic steel industry.
“President Trump is working to turn America into a manufacturing powerhouse and the steel tariffs are driving that movement. President Trump’s initial 232 steel tariffs and the historic tax cuts led to investments of nearly $20 billion by steel manufacturers in the United States. Since the revised tariffs took effect, Hyundai Steel announced a $5.8 billion steel mill in Louisiana, demonstrating that the tariffs are working to bring more steel investments and production to the United States. The domestic steel market is stronger when other nations are forced to compete on a level playing field," Bell added.
“On a level playing field, American workers can out-compete anyone. We look forward to continuing working with President Trump and his administration to ensure a level playing field for Americans and a robust domestic steel industry that strengthens our national, economic and energy security.”