Bonnell Aluminum commends Biden administration’s proclamation on trade benefits

Bonnell Aluminum, a subsidiary of Tredegar Corporation, commends the Biden administration’s proclamation to strengthen the rules to qualify for trade benefits between the U.S. and Mexico. “Under this proclamation, for aluminum to qualify for relief from the Section 232 Tariff, the “smelted and cast” requirement prohibits preferential treatment for imports where the primary country of smelt, secondary country of smelt, or country of most recent cast was Belarus, China, Russia, or Iran,” the company said. “This negotiated requirement recognizes the inherent unfair trade practice which occurs when U.S. trading partners can process subsidized metal from countries like China and Russia.”