Froman Defers On Section 201 Aluminum Petition, Says U.S. Should Take Action To Stop Overcapacity

U.S. Trade Representative Michael Froman on Monday (April 18) said that the Obama administration must do everything in its power to remedy global overcapacity of aluminum and steel, but stopped short of saying he would advise the president to implement a global safeguard on aluminum if the International Trade Commission finds that imports are causing serious injury to domestic industry and recommends relief in response to a union petition. “I think this is a very serious issue, and we have...