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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Jun 26, 2018
Page
8
Texas plants like Tenaris Bay City and Maverick Tube confront tariff exemptions, while Borusan workers press Dallas and Washington lobbyists for relief. Analysts warn tariffs could cost thousands of jobs, and U S Steel workers cheer yet doubt exemptions will cover all needs amid chaotic processing.
Johnson pitches a 75 million dollar Borusan plant expansion beside the Baytown site to reduce Turkish imports and add 170 jobs, while seeking 135000 tons of exempted steel. He cites GOP support attempts and Commerce Department posting of tariff requests amid objections from U S Steel and Maverick Tube.
Borusan Mannesmann Pipe U S seeks a temporary exemption from 25 percent steel tariffs, filed 19 requests with the Department of Commerce. Until a decision, planned Baytown investments of 50 to 75 million dollars and 170 new jobs are on hold, with potential tariff free import of 135000 tons of Turkish pipe for two years to enable the new factory near 4949 Borusan Road. The outcome and retroactivity hinge on the government ruling.
The dollar weakened against the British pound while rising versus the Canadian dollar. It also fell against the euro and Japanese yen, with the Mexican peso showing a contrasting move.
Harley-Davidson said EU tariffs on its U.S. exported motorcycles will raise costs and push some production abroad. The move comes amid a trade dispute with the EU and follows a regulatory filing noting motorcycles face 6 to 31 percent tariff bumps, with ongoing impact on U.S. jobs and a plan to absorb costs totaling 30 to 45 million dollars this year.
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