National Press Building
529 14th St NW, Washington, DC 20045
Invitation to Cover
The 232 Steel Investigation: A New Report Measures the Devastating Impact of Tariffs on the U.S. Economy
Experts chart destructive effect of steel tariffs on broader U.S. steel supply chain; _
WHAT The 232 Steel Investigation: Measuring the Pain for Domestic Industries
WHEN Tuesday, September 12, 2017
WHERE National Press Club, 529 14th Street NW, 13th Floor, Washington, D.C. 20045
WHO Spokespersons for Steel Users, Ports, and Agriculture Industries:
• Richard Chriss: President, American Institute for International Steel
WHY As the Trump Administration nears a determination on whether imported steel poses a “threat to U.S. national security,” the widespread and potentially devastating impacts of a Section 232 trade remedy grow ever more clear.
Drawing from a newly released report, economist John Martin will detail the impact that steel tariffs pose for U.S. ports, which make an outsized contribution to the U.S. economy. According to Martin’s report, 1.3 million jobs are currently supported by port activity related to imported steel, feeding nearly $240 billion in economic activity, or 1.3% of U.S. GDP in 2016.
Adding insult to injury, America’s billion-dollar poultry industry stands as collateral damage from tariffs as steel-carrying ships that offload product inland—and take goods back to the ports—disappear from the heartland. Poultry, grain, and other ag interests face drastically increased shipping costs and reduced access to key export markets as the burden of transportation is shifted to their industries, even as they brace for the potential of retaliatory tariffs on their products.
About AIIS The American Institute for International Steel, representing 120 member companies, is America’s leading voice for the steel supply chain, and the only voice in Washington, D.C. for free and responsible trade in steel.
Media Contact: Amelia Berger, email@example.com, 202-828-1727