Trade Cases
November 15, 2017
Ross Defends 232 While USW Clamors for Action
Written by Sandy Williams
Commerce Secretary Wilbur Ross pushed back at critics of the Section 232 investigation this week, saying steel-consuming businesses don’t “deserve” dumped steel.
Associations such as the American Institute for International Steel and U.S. Chamber of Commerce assert that Section 232 restrictions on steel could lead to economic disaster for the steel supply chain, ports and agriculture industry. U.S. tariffs and quotas could cause trade retaliation and “dangerous, unintended consequences,” claims AIIS (which represents foreign steel interests). The steel industry is already the most protected industry in the U.S. and is vastly outnumbered by steel-consuming manufacturers that rely on foreign steel, say critics of the trade action.
