Report
Imposition of New Duties on U.S. imports of Tin Mill Products Will Hurt American Workers
Imposition of New Duties on U.S. imports of Tin Mill Products Will Hurt American Workers
Cleveland Cliffs and the United Steelworkers union filed petitions seeking the imposition of antidumping (AD) and countervailing duties (CVD) on tariffs of up to 300% on imported tin mill products from eight countries. Tin mill is used in products ranging from canned soup to pet food to aerosol products. A new tax on tin mill products would compound existing price pressures for the consumer products industry. This study attempts to estimate some of those impacts, including the likely impact on U.S. manufacturing employment.
Price Hikes for Manufacturers and Consumers
- The higher costs for tin mill products will force American can manufacturers to raise the prices of cans, causing a drop in domestic output of tin cans destined for both U.S. and export markets.
- Rising costs of U.S.-made tin cans will cause U.S. production of canned foods to be less competitive and put U.S. food product manufacturers under pressure to reduce their workforce by nearly 37,000 workers.
- For every steel worker who gains from the duties, more than 600 other manufacturing jobs in downstream industries will be threatened.
Published on April 23, 2023