We support the Trump administration’s decision to end
temporary exemptions from Section 232 steel and aluminum tariffs for Canada,
Mexico, and the European Union. Prior to the 232 investigation, a series of
anti-dumping and countervailing duty orders effectively prevented most Chinese
steel from entering the U.S. directly.
China is notorious for its subsidized overproduction,
transshipping through other countries, and deliberately mis-marking its product
to circumvent trade laws. Other countries, including allies, have their own
overcapacity, and have targeted the lucrative U.S. market. As a result, the U.S.
produces less steel and aluminum, making it the only major steel-producing
country that is a significant net importer. There are no countries with true
exemptions. All countries are subject to either tariff or quota restrictions.
Some countries negotiated quota agreements with the U.S. to avoid tariffs. They
agreed to reduce their shipments to the U.S. as compared to recent years. [more...]
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