Posted on 12/12/2016 3:49:38 AM PST by TigerLikesRooster
Trump packs trade team with veterans of steel wars with China
Mon Dec 12, 2016 | 5:54am EST
By David Lawder | WASHINGTON
President-elect Donald Trump is stacking his trade transition team with veterans of the U.S. steel industry's battles with China, signaling a potentially more aggressive approach to U.S. complaints of unfair Chinese subsidies for its exports and barriers to imports.
Led by Wilbur Ross, a billionaire steel investor and Trump's nominee for commerce secretary, Dan DiMicco, the former CEO of steelmaker Nucor Corp, and three veteran steel trade lawyers, the team is expected to help shift the U.S. trade focus more heavily toward enforcement actions aimed at bringing down a chronic U.S. trade deficit, Washington trade experts said.
Based on their past efforts, this could include more challenges to China's trade practices through the World Trade Organization and more U.S. government-initiated anti-dumping and anti-subsidy cases against a wider range of Chinese products. The latter would be argued before the U.S. International Trade Commission - a forum where the steel industry has had considerable success.
Ross, DiMicco and other leaders of Big Steel have been on the front-line in U.S. trade battles against the world's export superpower.
Hit by a flood of cheap imports from China and other countries, the U.S. steel industry has brought 16 new cases in the past three years, seeking punitive duties from the Commerce Department to combat below-cost dumping and unfair subsidies that slashed prices of various steel products to historic lows last year, causing layoffs at U.S. steel mills.
(Excerpt) Read more at reuters.com ...
My uncle had a machine shop. IIRC, he was buying steel from China 50 years ago....cuz they were always dumping it.
P!
Way back when, Japanese steel was considered as higher quality than American steel. As things “progressed” we found ways to gut the industry and allow others to take over. You can bet that trump intends for our manufacturers to also act like they’re part of the greatest damn country on God’s green earth and produce high quality products....
My dad when he came home from WW 2 worked for Youngstown Sheet and Tube in E. Chicago, IN as a boilermaker until he was forced to retire medically from a catwalk fall. It was a very large US Steel mill. They made great steel, that was used in skyscrapers and bridges, it was one of several in the area that serviced the Chicago area and across the US. They employed thousands of men. Now you are lucky to find a small mill.
Don’t forget all of the structures that used rice eaters “STEEL” that is failing due to crap metallurgy they use...let China find another vibrant economy to work with or they simply play by our rules...very simple , we have home field advantage. Should I mention the sheet rock that the pan faces shipped over that made residents sick?...the list is endless...they need us more than we need them. Their economy is fledgling in comparison to ours...not as rock solid as some portray.
The closing of the Sparrows Point steel plant just outside of Baltimore is a major reason for Baltimore’s troubles. When people in the “community” were properly employed and the men made a living wage, the families were intact, headed by a father who married the mother of his children. The baby Daddy concept was unheard of and the folks lived decent lives in decent neighborhoods and looked out for one another and each other’s children to keep them off the streets.
Bring back U.S. steel!! The steel produced at Sparrows Point was used in the Golden Gate bridge.
Even if it was becoming “inferior”, we ought to have fixed the problem and kept our factories. I suspect this is true all across the “rust” belt.
Go Trump!!
the problems noted are purchasing related.
The products in question were not tested before buying to insure compliance with ANSI/ASTM specifications.
The problem rests with the American purchasers
bttt
Transportation, oil and energy, steel, and banking. The core of the industrial revolution. Vanderbilt, Rockefeller, Carnegie, and JP Morgan. Names sound familiar? They built America as we know it. Time to take it back from the locust globalists that have strip mined us to enrich themselves.
I like Trump's picks... high IQ fighters... an army of alphas... I sense another ‘win’ in our future.
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