NEMA Urges Expansion of Aluminum Tariff Incentives
New tariff incentives that reduce aluminum tariffs from 50% to 25% for companies committing to investing in US aluminum production are designed to spur domestic investment. NEMA, which previously called for tariff incentives, supports the action and is calling for similar moves to expand the program to include electrical steel, spurring further investments in US smelting and manufacturing. NEMA Senior Director for Global Policy Patrick Lozada said there’s “an opportunity to expand on the approach that they’re taking with aluminum,” adding that relief for critical inputs would help manufacturers. New aluminum incentives draw industry praise, leave questions about impact | InsideTrade.com
