AISI Statement on President Trump’s Tariff Announcement

April 2, 2025

WASHINGTON, D.C. – Kevin Dempsey, president and CEO of the American Iron and Steel Institute, today released the following statement on President Trump’s tariff unveiling from the Rose Garden:

“AISI thanks President Trump for standing up for American workers by restoring fairness in international trade and addressing non-reciprocal trade relationships. American steel producers are all too familiar with the detrimental effects of unfair foreign trade practices on domestic industries and their workers.

“Driven by subsidies and other foreign government trade-distorting practices, global overcapacity in the steel industry reached 573 million metric tons in 2024 and has spurred high levels of exports of steel from countries like China, Japan, Korea, Vietnam and Indonesia that continue to produce steel in volumes that significantly exceed their domestic demand. These exports directly and indirectly injure steel producers in the U.S. and government action to address this unloading of steel overproduction on world markets is overdue.

“We look forward to collaborating with the Secretary of Commerce, the U.S. Trade Representative and other officials as they implement the President’s plan to ensure fairness and reciprocity in international trade.”

-####-

Contact: Lisa Harrison

202.452.7115 / lharrison@steel.org

AISI serves as the voice of the American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI’s membership is comprised of integrated and electric arc furnace (EAF) steelmakers, steel pipe and tube manufacturers, and steel processors and fabricators reflecting the production and distribution of both carbon and stainless steels which are critical to the everyday lives of all Americans — including national security, roads and bridges, buildings, the electrical grid, clean energy technologies and the automotive market. AISI also represents associate members who are suppliers to or customers of the steel industry. For more news about steel and its applications, view AISI’s website at www.steel.org. Follow AISI on Facebook, LinkedIn, Twitter (@AISISteel) or Instagram.