The United Steelworkers, American Iron and Steel Institute, Steel Manufacturer’s Association, Specialty Steel Industry of North America and The Committee on Pipe and Tube Imports released a joint statement yesterday urging the U.S. government to insist that China have WTO-consistent policies on raw materials and semi-finished and finished steel products to ensure no U.S. manufacturers are disadvantaged. The release also stated: the Chinese government should stop manipulating currency, export tax and rebate policies; China should not try to maintain economic growth by directing subsidized exports to the U.S.; and China should stop subsidizing excess, redundant, inefficient and highly polluting steel capacity.
According to the release, it is more important than ever that the U.S. government enforces our nation’s laws against unfair trade and stand up against China at the World Trade Organization. Also according to the release, the U.S. government should execute leadership in the global trade arena to ensure that China and all countries follow rules-based trade.
Steel Industry Implores Government to Stand Up to China
November 20, 2008