Wednesday, June 6, 2018
China Beats Steel and Aluminum Tariffs
China has been doing a runaround US tariffs on steel and aluminum for a long time. We saw huge quantities of aluminum stacked up in Mexico, and steel in Vietnam as examples of how they are doing it. But, in today’s Wall Street Journal there is another place mentioned that is even more ridiculous to US audiences - Malaysia, Indonesia, and (of all places) Serbia - are getting into the same business of making steel from Chinese capital and selling it to the US to avoid sanctions. To me, it is just adding new countries to the list of those who cooperate with China to flood the world’s markets with steel and aluminum. Our President may have been right in calling this a national security issue. China is trying to put the world’s ability to produce steel and aluminum under Chinese control.
No comments:
Post a Comment