Search Results for keywords:"protectionism"

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Search Results: keywords:"protectionism"

  • Type:Presidential Document
    Citation:86 FR 8265
    Reading Time:about 2 minutes

    The Proclamation 10144 issued by President Biden on February 1, 2021, revokes Proclamation 10139, which aimed to adjust the tariffs on aluminum imports from the United Arab Emirates (UAE). This decision maintains the existing tariffs from Proclamation 9704 to protect the U.S. aluminum industry, which is crucial for national security. While imports from the UAE had been reduced by 25% due to the tariffs and domestic production increased by 22% prior to the pandemic, the large volume of denied exclusion requests further justified the continuation of tariffs over introducing a new quota system.

    Simple Explanation

    The President decided to keep the extra taxes on aluminum coming from the UAE to protect workers in the U.S. making aluminum, saying it's important for keeping the country safe.

  • Type:Presidential Document
    Citation:90 FR 9817
    Reading Time:about 38 minutes

    The document is a presidential proclamation by Donald J. Trump addressing the issue of steel imports that threaten U.S. national security. The President decided to terminate previous trade agreements and exemptions with countries like Canada, Mexico, the European Union, and several others. From March 12, 2025, these countries will face additional tariffs on steel and derivative products, originally envisaged in a 2018 tariff policy. The proclamation aims to protect the U.S. steel industry by ensuring higher production capacity utilization and guarding against market practices contributing to global excess capacity.

    Simple Explanation

    The President decided that, starting March 12, 2025, some countries will have to pay extra taxes on the steel they sell to the U.S. to help keep American factories busy and strong. This change might make it a bit tricky for some businesses that use steel, but it’s meant to make sure there's enough work for steel workers in America.