American steel producers accusing China
In 45 pages of comments filed with the U.S. Trade Representative (USTR), the American Iron and Steel Institute (AISI) said that "based on an overwhelming amount of evidence…China has largely abandoned its policy of liberalizing its economy and instead adheres to a policy of state capitalism that is antithetical to the principles of free and fair trade. This trend is a major problem for American steel producers, other manufacturers and the U.S. economy as a whole."
In its comments, AISI strongly urges the U.S. government to "rethink its current approach to addressing this issue and adopt a more aggressive strategy that is commensurate with the scope and severity of China's failure to comply with its WTO obligations."
The current U.S.-China trade relationship is taking a tremendous toll on American manufacturers. Over the last decade, our trade deficit with China has soared 280 percent, we have lost millions of manufacturing jobs, thousands of factories have been shuttered and the American steel industry has been severely disrupted. The U.S. government must take much bolder and more imaginative steps to address this chronic problem," said Kevin Dempsey, Senior Vice President of Public Policy at AISI. ■