Tom Dobbins, president & CEO of the Aluminum Association, released the following statement in response to the joint commitment by the U.S. and EU to address overcapacity in the global aluminum market:
“This is an extremely important step toward a better trading relationship with a vital ally while addressing systemic aluminum overcapacity. We appreciate the work by Commerce Secretary Raimondo and Ambassador Tai to prioritize this issue. Massive state subsidies for aluminum production – especially in China – have distorted markets and made it difficult for many aluminum producers to compete on a level playing field for too long. It is time for nations committed to a market and rules-based global trading system to come together to combat this shared challenge. Any final agreement with Europe should emphasize strong trade enforcement based a common set of rules. We look forward to supporting this process and are hopeful that the ultimate outcome will both address global aluminum overcapacity and help normalize the U.S.-EU trading relationship.”
The Aluminum Association has long advocated for a strong, multilateral effort to address global aluminum excess capacity driven by overproduction in China. As reflected in a recent report by the Organisation for Economic Cooperation and Development (OECD), three years of Section 232 tariffs have done little to change Chinese industrial practices. The Aluminum Association will work with its global partners to keep these critical issues front and center in advance of the G7 summit this June.
About The Aluminum Association
The Aluminum Association represents aluminum production and jobs in the United States, ranging from primary production to value added products to recycling, as well as suppliers to the industry. The association is the industry’s leading voice, representing companies that make 70 percent of the aluminum and aluminum products shipped in North America. The association develops global standards, business intelligence, sustainability research and industry expertise for member companies, policymakers and the general public. The aluminum industry helps manufacturers produce sustainable and innovative products, including more fuel-efficient vehicles, recyclable packaging, greener buildings and modern electronics. In the U.S., the aluminum industry supports $172 billion in economic activity and nearly 660,000 jobs. For more information visit https://www.aluminum.org or find us on Twitter, LinkedIn, Facebook or Instagram.