Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsLeo W Gerard: Outlaw Chinese Steel
http://nhlabornews.com/2016/05/leo-w-gerard-outlaw-chinese-steel/
Forged with the despicable dividend of stolen trade secrets, priced with monopoly collusion, then traded with fraudulent labeling to dodge U.S. duties, steel from China violates every principle of capitalism. Thats in addition to defying both U.S. and international trade laws.
Its outlaw steel. And last week, U.S. Steel Corp. asked the U.S. government to outlaw its import.
U.S. Steel requested this unusual intervention after China hacked into its computers, ripped off trade secrets, then used those secrets to directly compete with U.S. Steel in the American market. China is flooding the international market with excess, government-subsidized steel. That is closing mills and killing jobs from South Africa to Great Britain to North America. The United States can choose to ignore this. It can become a weakling, reliant on other nations for steel, including some, like China, that clearly are not allies. Or, the United States can act now, as U.S. Steel demands, to secure Americas industrial strength and independence.
Graph showing Chinese steel exports rising while prices declining. Source: U.S. Steel pleading
FULL story at link.
About Leo W. Gerard
Leo W. Gerard is the International President of the United Steelworkers (USW) union. His editorials post on the NH Labor News every Tuesday. You can follow him at @USWBlogger
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
5 replies, 1406 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (10)
ReplyReply to this post
5 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Leo W Gerard: Outlaw Chinese Steel (Original Post)
Omaha Steve
May 2016
OP
AngryAmish
(25,704 posts)1. About fucking time
Don't expect to see this on Facebook, tho.
Gregorian
(23,867 posts)2. Absolutely. And so well stated.
I still have my first Chinese bailing wire from the early 80's. We were talking about just this stuff. Trade secrets. We gave away more than jobs. It's happening now. Many of the leading carbon fiber factories are in Asia, and are fine tuning their skills.
silvershadow
(10,336 posts)3. K&R. nt
Xolodno
(6,410 posts)4. Doubt we see anything happen....
...everything is about "What did the Donald say now?" and "<insert Kardashian related story> did what?"
Keep the masses entertained at the coliseum while Rome burns.
Hoyt
(54,770 posts)5. Complicated issue, but it's interesting how we might appeal to WTO, some want corporate welfare
in the form of tariffs on Chinese steel etc.
Maybe trade agreements with other countries, so that China doesn't write the rules, aren't so bad.