Hillary Clinton talks about the challenges in the steel industry

The candidates for the U.S. presidency have expressed their opinion on the situation of the steel industry in the country.

Democratic presidential candidate Hillary Clinton has said she will eliminate the issue of steel from China if elected president. U.S. steelmakers say they need protection in the form of anti-dumping duties. Compared to cheap steel imports from China and other states that in their opinion do not comply with the trade legislation of the United States.

Clinton has promised to triple the number of officials who are in charge of enforcing trade sanctions. Also, the investigation of countervailing duties on subsidized imports. And the appointment of a new commercial prosecutor, who reports directly to the president.

The situation of the U.S. steel industry and surplus steel production

Excess steel production from China continues to be a problem. Leading to a global steel crisis. Clinton said she would „not tolerate China’s attempts to solve its economic problems on the backs of the American worker.”

„As president, I will aggressively pursue commercial cases. And I will impose sanctions when China violates dumping rules. By bringing its cheap products to our markets,” Clinton said. „And I will oppose efforts to grant China the so-called ‘market economy’ status.

In the United States, about 60 million tons of steel sheet are used annually, in the automotive industry, the production of household appliances and other goods.

Clinton also stated that she will not support trade agreements, such as the Trans-Pacific Partnership, if US workers do not benefit from job creation and higher wages. She also said she would renegotiate NAFTA, which has hurt American workers.

Republican presidential candidate Donald Trump also weighed in on the steel industry crisis during a rally in Pittsburgh.

Trump blamed poorly negotiated trade deals for problems in U.S. industry.

„I sell tens of millions of dollars worth of apartments to people in China,” he said. „I’m not mad at the Chinese leaders, I’m mad at our leaders.”

Article source: https://www.steelmarketupdate.com/blog/8700-hillary-clinton-addresses-steel-industry-challenge