{"id":10043,"date":"2025-02-13T22:00:37","date_gmt":"2025-02-13T22:00:37","guid":{"rendered":"https:\/\/steelorg.wpenginepowered.com\/?p=10043"},"modified":"2025-02-13T22:00:37","modified_gmt":"2025-02-13T22:00:37","slug":"aisi-statement-on-president-trumps-memo-on-reciprocal-trade","status":"publish","type":"post","link":"https:\/\/www.steel.org\/2025\/02\/aisi-statement-on-president-trumps-memo-on-reciprocal-trade\/","title":{"rendered":"AISI Statement on President Trump’s Memo on Reciprocal Trade"},"content":{"rendered":"

WASHINGTON, D.C.<\/strong> \u2013 Kevin Dempsey, president and CEO of the American Iron and Steel Institute, today released the following statement on the memorandum issued by President Trump today regarding reciprocal trade:<\/a><\/p>\n

\u201cAISI applauds President Trump\u2019s action today ordering the development of a comprehensive plan for restoring fairness in U.S. trade relationships and countering non-reciprocal trading arrangements. American steel producers know well the negative impact of foreign unfair trade practices, including subsidies, currency manipulation and other unfair and discriminatory policies and practices, on domestic industries and their workers.<\/p>\n

\u201cSteel is a widely traded good and our industry has been repeatedly harmed by unfair trade practices around the world. Due to foreign government subsidies and other trade-distorting government policies, global overcapacity in the steel industry reached 573 million metric tons in 2024. This overcapacity, if unaddressed, can fuel surges in injurious imports into our market, and the problem of steel overcapacity is not limited to any one country or region of the world.<\/p>\n

\u201cWe look forward to working with the Secretary of Commerce, the U.S. Trade Representative and other key administration officials as they develop their plan of action to ensure reciprocity in international trade and to preserve the competitiveness of the American steel industry and other sectors.\u201d<\/p>\n

-####-<\/p>\n

Contact: Lisa Harrison<\/strong><\/p>\n

202.452.7115 \/\u00a0lharrison@steel.org<\/a><\/p>\n

AISI serves as the voice of the American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI\u2019s membership is comprised of integrated and electric arc furnace (EAF) steelmakers reflecting the production of both carbon and stainless steels which are critical to the everyday lives of all Americans \u2014 including national security, roads and bridges, the electrical grid, clean energy technologies and the automotive market. AISI also represents associate members who are suppliers to or customers of the steel industry. For more news about steel and its applications, view AISI\u2019s website at\u00a0<\/em>www.steel.org<\/em><\/a>. Follow AISI on\u00a0<\/em>Facebook<\/em><\/a>,\u00a0<\/em>LinkedIn<\/em><\/a>,\u00a0<\/em>Twitter<\/em><\/a>\u00a0(@AISISteel) or\u00a0<\/em>Instagram<\/em><\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON, D.C. \u2013 Kevin Dempsey, president and CEO of the American Iron and Steel Institute, today released the following statement on the memorandum issued by President Trump today regarding reciprocal trade: \u201cAISI applauds President Trump\u2019s action today ordering the development of a comprehensive plan for restoring fairness in U.S. trade relationships and countering non-reciprocal trading […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"wpupg_custom_link":[],"wpupg_custom_link_behaviour":["default"],"wpupg_custom_link_nofollow":["default"],"wpupg_custom_image":[],"wpupg_custom_image_id":[],"footnotes":"","_links_to":"","_links_to_target":""},"categories":[19,18],"tags":[],"wf_post_folders":[],"class_list":["post-10043","post","type-post","status-publish","format-standard","hentry","category-press-releases","category-public-policy"],"acf":[],"yoast_head":"\nAISI Statement on President Trump's Memo on Reciprocal Trade - 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