China and Japan Guilty of Dumping Cold-Rolled Steel Flat Products
The United States International Trade Commission (ITC) determined today that China and Japan unfairly dumped cold-rolled steel flat products into America's open market. As a result, tariffs will be placed on these products upon entering the U.S. market, which will begin to alleviate the injury suffered by American workers and steelmakers because of the ongoing trade cheating. Final tariff determinations will be announced in July.
Said Alliance for American Manufacturing (AAM) President Scott Paul:
"The ITC made the right call today. China and Japan have clearly continued to overproduce and subsidize steel at the cost of American jobs and we appreciate today’s commitment to enforce our trade laws.
“Today is a win for American steelmakers, but it is a shame that so much damage has to be done before our manufacturers can secure a level playing field. During this investigation alone, over 15,000 steelworkers were told that they are losing their jobs. Thousands more have spent years fighting for their steel mills as China and Japan were allowed to take advantage of America’s market.
“I wish all policy makers would spend time in our steel communities because it is easy to see that trade cases are the last line of defense for manufacturers who need Washington to fight for fair trade laws. Today came a little too late for many, but still sets a standard for fair enforcement that can prevent more job losses.”
COMING UP: The ITC will vote on the certain corrosion-resistant steel products trade case this Friday at 11 a.m. EDT.