* ALUMINIUM OUTPUT: “U.S. production is expected to climb 67 percent this year, as new aluminium expansion projects come online … adding to a globally oversupplied market,” said SP Angel in a note, quoting the Economic Policy Institute think tank.
Reuters
December 17, 2018
A new report by the Economic Policy Institute (EPI) shows that the 10 percent levy on aluminum imports imposed in March is bringing back thousands of American jobs, sparking reinvestment in aluminum manufacturing, and contributing billions of dollars to the U.S. economy. “One and a half years ago, the U.S. primary aluminum industry was hanging on by a thread,” Robert Scott, EPI’s director of trade and manufacturing policy research wrote in the report. “The threat was, and continues to be, principally driven by the growth of excess capacity and overproduction in China and elsewhere.” (whole story)
The Epoch Times
December 17, 2018
However, there have been some accidental side benefits. The tax cuts provided a bit of badly needed fiscal stimulus that jolted the economy half-awake (despite being otherwise monstrous policy). And, as an Economic Policy Institute report details, his tariffs on aluminum have restored some employment and production in that sector. Whereas nearly the entire American aluminum industry had vanished between 2010 and 2017, after tariffs went up in March of this year, production is up 67 percent, three smelters have been reopened, and one has been expanded, resulting in 1,000 new jobs and $100 million in new investment.
The Week
December 17, 2018
A new report on the effect of Section 232 tariffs on the aluminum industry shows a 67 percent increase in production and thousands of jobs added in the industry and its downstream users. The report , from the left-leaning Economic Policy Institute, was unveiled on Tuesday at an event at the National Press Club featuring aluminum and manufacturing representatives. It contradicts the dire negative effects predicted by critics, according to the study’s author, EPI Senior Economist Robert Scott, who cited…
Inside Trade
December 17, 2018
I am, then, joined by Heidi Shierholz, senior economist and director of policy at the Economic Policy Institute, to talk about the organization’s roadmap forrogressive economic agenda.
The Working Life Podcast
December 17, 2018
Daily Kos
December 17, 2018
Political decisions by elected officials are largely responsible for a “collapse in pay for the bottom 90 percent” of the labor market since 1979, according to a new analysis of wage stagnation by the Economic Policy Institute, a left-leaning think tank. (Whole story)
December 17, 2018
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
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
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