Friday, April 28, 2017

Trump moves to protect US industry from cheap aluminum imports

Via Billy

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President Trump on Thursday signed a memorandum that finds low-priced imported aluminum is a threat to U.S. national security, and encouraged the Commerce Department to prioritize an investigation that could lead to new import restrictions.

"The artificially low prices caused by excess capacity and unfairly traded imports suppress profits in the American aluminum industry, which discourages long-term investment in the industry and hinders efforts by American aluminum producers to research and develop new and better grades of aluminum," Trump's memo said.

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