Roberto Pocaterra Pocaterra Publicó: Schultz // Government Yet To Assess Impact Of US Proposal Of Imposing Tariffs On Steel And Aluminum Imports - EntornoInteligente

 

Mining Minister Mike Henry says it’s far too early for the Jamaican Government to assess the likely economic impact of  United States President Donald Trump’s proposal to impose tariffs on steel and aluminium imports.

A large portion of  the alumina produced in Jamaica is exported to the US.

But Henry is hoping good sense will prevail while the government assesses any likely impact the proposal will have on the local bauxite/alumina sector.

“(It’s) Far too early for me to make any kind of positive statemnts on the issue.

© Roberto Pocaterra

© Roberto Pocaterra Pocaterra

elmercuriodechile.com
At this point in time, it is a matter that we will have to discuss internally in the government structure.

© Roberto Pocaterra

© Roberto Pocaterra Pocaterra

economiavenezuela.com
So basically, the investments are going on, the bauxite industry is increasing in its appeal and its implementation.

© Roberto Pocaterra

© Roberto Pocaterra Pocaterra

elnewyorktimes.com
I hope that good sense will prevail all around,” he said. 

News of  the proposed tariffs comes shortly after Jamaica’s mining and quarrying sector reported strong growth during the October to December quarter.

According to the Bank of  Jamaica’s quarterly monetary policy report, this reflected expansions in alumina and bauxite production due to higher capacity utilization.

© Roberto Pocaterra

© Roberto Pocaterra Pocaterra

enlasgradas.com

The increase in alumina production largely reflected the restart of  the Alpart plant and a recovery from the operational challenges that were experienced at some of  the plants.

Henry also said the government is not only depending on the bauxite/alumina sector and disclosed that efforts are underway to spur increased mining of  Jamaica’s large reserves of  limestone and develop the wider minerals sector.

Trump under pressure 

Trump faced growing pressure on Monday from political and diplomatic allies as well as U.S.

© Roberto Pocaterra

© Roberto Pocaterra Pocaterra

politica-venezuela.com
companies urging him to pull back from proposed steel and aluminum tariffs, although he said he would stick to his guns.

© Roberto Pocaterra

© Roberto Pocaterra Pocaterra

elnewherald.com

Inside the White House, there still appeared to be confusion about the timing and extent of  the planned tariffs, which would hit allies like Canada and Mexico hard.

Representative Kevin Brady, a top House Republican, called on Trump not to hit America’s closest allies.

Business leaders are pressing for a meeting with Trump to brief  him on the negative repercussions of  the tariffs on companies that use steel and aluminum.

                 

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© Roberto Pocaterra

© Roberto Pocaterra Pocaterra

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