If only we had actual free trade... Steel imports have tariffs applied. We have highly managed trade subject to tariffs, quotas, set-asides, and protectionist policies.
How's it working out so far?
the entire concept of free trade is only for the naive. Every country wants whats best for it and its economy. So here we are giving our stuff away.
Its working so well that we don’t have a steel industry. The economy of China will surpass ours within a few years. The wealth is being created elsewhere and is not coming here.