1) A reminder of what's at stake for #Argentina as the White House imposes tariffs on steel and aluminum imports: In 2016, Argentina's aluminum exports to the U.S. were valued at $332 million (@USTradeRep). Last year, the U.S. imported 249,000 tons of Argentine aluminum (@USGS).
-
Show this thread
-
2) Protesting the tariffs,
#Argentina emphasizes its relatively small role in the U.S. aluminum sector, accounting for just 4% of U.S. aluminum imports. But the diplomatic pushback shows the economic importance of the industry for Buenos Aires.@braunmi@ShunkoRojas1 reply 0 retweets 1 likeShow this thread -
3) The major industry player in
#Argentina, Aluar Aluminio Argentino, alone has 2,000 employees. Earlier, it appealed to@CommerceGov not to penalize its exports to the U.S. Midwest. https://www.bis.doc.gov/index.php/232-aluminum-public-comments/1956-aluar-alum-public-comment-pdf/file …1 reply 1 retweet 1 likeShow this thread -
4) Steel in
#Argentina is less significant than aluminum, but hardly negligible, as the country continues to recover from a recession in 2016. Its steel exports to the U.S. last year reached 211,465 tons, valued at $223 million (@uscensusbureau).1 reply 0 retweets 2 likesShow this thread
5) The major steel sector player is Tenaris, a Techint subsidiary that sends most of its exports to the U.S., according to Platts. The Cámara Argentina del Acero is not pleased.pic.twitter.com/IQPU5m5Gk9
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.