China is the 11th largest source of steel imports. How can this be about China?
The gist here is that many of those products that have a Made in Italy label are actually mostly made in China, but qualify for a Made in Italy label because a trivial amount of value-added was tacked on in Italy.
http://money.cnn.com/2017/12/06/news/economy/us-steel-vietnam-china-tariffs/index.html
American steelmakers complained last year that Chinese companies appeared to be avoiding huge tariffs by diverting products to Vietnam for “minor processing” before they were shipped to the U.S.
The media goes out of its way to make Republicans and Trump look stupid. One of these ways is to omit crucial information:
http://www.americanmanufacturing.org/blog/entry/commerce-goes-after-third-country-steel-imports-originating-in-china
The Alliance for American Manufacturing often points out that China’s profligate steel production is the leading cause of global steel overcapacity, and that efforts should be made to safeguard the domestic industry from a flood of imports.
Busters, meanwhile, often say China doesn’t export much steel to the United States.
But that’s in part because China is running certain steel products through third-party countries where they are superficially processed, and then sent to the United States for sale.
It’s basically a clever way to avoid tariffs assigned by the U.S. Commerce Department on certain Chinese steel products.
That’s what Commerce decided today, when it assigned duties to steel products from Vietnam. Reuters reports:
The Commerce Department said it would apply the same Chinese anti-dumping and anti-subsidy rates on corrosion-resistant and cold-rolled steel from Vietnam that starts out as Chinese-made hot-rolled steel.
Although the product was processed in Vietnam to be made corrosion resistant or cold-rolled for use in autos or appliances, the Commerce Department agreed with the claims of American producers that as much as 90 percent of the product’s value originated from China.
And get this:
The Commerce Department said that after anti-dumping duties were imposed on Chinese steel products in 2015, shipments of cold-rolled steel from Vietnam into the United States shot up to $295 million annually from $11 million.
Just one city in China makes 90% of the world’s electronics ,proof:
https://www.weforum.org/agenda/2017/11/inside-shenzhen-china-s-gadget-capital/ China destroyed the U.S. electronics industry .And China is now trying to destroy the U.S. steel and aluminum industries. China dumps steel in many other countries to get it into the USA
A country needs an electronics industry in order to survive. ditto for a steel industry.
The USA didn't import hardly anything from any foreign country all the way up to 1970. CNN and the news media want you to think we need to “trade” with China so that China can destroy America for them.
