10% US tariff on aluminium requires immediate action from the EU, European Aluminium says
European Aluminium, the voice of the entire aluminium value chain, is confident the EU Commission will do everything it can to exempt European countries from the 10% US tariff in the next 15 days, but requests immediate market surveillance and the implementation of safeguard measures if proven necessary.
“We are deeply concerned about the US decision to impose a 10% tariff on all aluminium products from Europe (EU+EFTA). As a long-standing political ally with strongly interlinked aluminium value chains and numerous multinationals operating on both territories, Europe should have been exempted from the tariff. If the tariff comes into force, it will greatly damage our trading relationship with the US. The EU currently exports 1.2 billion euro of direct aluminium products to the US, shares many industrial clusters, innovation hubs and transatlantic synergies. As Commissioner Malmström said, it is time to act and stand up for the thousands of jobs, investments and innovation opportunities at immediate risk,” commented Gerd Götz (Photo), Director General of European Aluminium.
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