EPI in the news

• Steel and aluminum tariffs are not hurting the economy, study says

   

  Supporters of the tariffs imposed by the Trump administration on steel and aluminum are making the case that they have worked as intended, without the huge job losses opponents had predicted. “We found absolutely no evidence of broad, negative impacts on the economy of steel and aluminum tariffs to date,” said Robert E. Scott, senior economist at the Economic Policy Institute, who authored the report with support of the U.S. aluminum company Century Aluminum. (whole story)

  CNBC | December 14, 2018
• Are tariffs boosting the U.S. aluminum industry?

   

  The Trump administration’s tariffs on aluminum imports are leading to new investment in what was a dying industry, according to a new report from the left-leaning Environmental Policy Institute. The report found U.S. aluminum production is expected to increase 67 percent between 2017 and the end of this year because of increased investment. Trump imposed a 10 percent tariff on imported aluminum in June of this year. (whole story)

  PBS Newshour | December 14, 2018
• Aluminum tariff is a boon even if beer costs more, report says

   

  President Donald Trump’s aluminum tariff won’t make beer taste better, but it’s succeeded in boosting the economy, according to a report published Tuesday by the Economic Policy Institute. The research, from the left-leaning think tank, argues that tariffs imposed on aluminum and steel have led to increases in U.S. employment, production and investment. (whole story)

  Bloomberg | December 14, 2018
• Morning Shift 12/12/18

  — Report: “Aluminum tariffs have led to a strong recovery in employment, production, and investment in primary aluminum and downstream industries,” from The Economic Policy Institute

  Politico Pro | December 14, 2018
• Aluminum Tariffs Key Driver in Creation of Over 3000 Jobs

   

  The Economic Policy Institute (EPI) released new research that shows after Section 232 tariffs were imposed on aluminum (and steel) in March 2018, the domestic producers of both primary and downstream aluminum products have made commitments to create over 3,000 jobs. At the same time, these domestic producers should generate over $3.4 billion in new investments and substantially increase domestic production of aluminum. Robert Scott, director of Trade and Manufacturing Policy Research, explains that in early 2017, the U.S. primary aluminum industry had almost disappeared completely. Between 2010 and 2017, 18 of 23 aluminum smelters shut down, eliminating roughly 13,000 jobs. In 2016, there were three alumina refineries supplying U.S. smelters, and by 2017, only one remained in operation. (whole story)

  24/7 Wall St. | December 14, 2018
• Study: U.S. aluminum tariffs have increased jobs, production

   

  U.S. aluminum tariffs imposed in March have had their intended impact to date of increasing domestic jobs and production, the Economic Policy Institute said Tuesday. U.S. employment in aluminum industries increased by 300 jobs from the month before the tariffs were imposed to October, the institute’s report said. Meanwhile, U.S. output of both raw alumina and processed aluminum rose 9.8 percent, and the output of rolled and extruded aluminum products rose 9.1 percent, during that same time, the Federal Reserve’s industrial production physical output data indicate. (whole story)

  UPI | December 14, 2018
• Report: Aluminum Tariffs Having a Positive Effect

   

  Domestic industry is rebounding, argues EPI study. It’s been months now since the Trump administration raised tariffs on steel and aluminum tariffs, citing the faltering of domestic industries as a national security concern. The industries had long complained about the growth of excess capacity and overproduction in China, where that growth is fueled by a raft of government subsidies. A lot is typically written about the steel tariffs, because steel makes up a larger market. But what has the impact of tariffs been on the aluminum market? A new report from the Economic Policy Institute tackles this question directly. At a press conference today the author and tariff advocates argued the tariffs have actually kinda worked: (whole story)

  Alliance for American Manufacturing | December 14, 2018

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