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Experts say UAE has the ability to respond to Trump's steel and aluminum tariff policy

  • Author:Dong Xing
  • Release on :2018-03-12
In view of the United States' policy of imposing tariffs of 25% and 10% respectively on imported steel and aluminum products, many experts and scholars believe that the UAE-related companies have the ability to respond. The taxation policy will be hurt more by American companies. .

Salim Kukar, a fund manager of the National Bank of Abu Dhabi, believes that the UAE’s aluminum products(Aluminum coating sheet 5052) are of higher grade and better quality among similar products and are capable of coping with the 10% tariff increase. This policy of Trump is likely to lead to adverse consequences, that is, the work opportunities destroyed will be more than he hopes to create.
UAE’s Global Aluminum Corporation(Aluminum coil manufacturer china), one of the world’s largest producers of metal products, said in a statement: “In addition to Asia, Europe and the United Arab Emirates, the United States is an important market for us and we are ready to respond to possible market changes.”

U.S. Emirates Chamber of Commerce Chairman Danny Sebright said in an interview with the media that the aluminum products exported to the U.S. by the United Arab Emirates are "critical" for U.S. national security. Based on this, he believes that the United Arab Emirates and the United States have room for negotiation on this issue.

"I think there is a good chance that the UAE will have the opportunity to negotiate with the United States to seek a tax relief on steel and aluminum products(5754H22 aluminum plate)," said West Bright. He also believes that the U.S. tax increase will damage the interests of U.S. consumers and workers and will cause the U.S. to lose more.