Steelworkers' President: Trump's Trade Policy Will Punish 'Evildoers' in Int'l Market
United Steelworkers International President Leo Gerard said he is onboard with President Trump's plan to enact tariffs on foreign steel being "dumped" into American markets.
Gerard said a good policy for the president to consider is to separate the "evildoers" from those who do not "cheat" by violating trade agreements.
Gerard said China, India, South Korea and Brazil are examples of such "evildoers," leaving a major steel exporter like Canada without the moniker.
He said the U.S. and Canada together produce steel with the "most man-hours per ton" and lowest carbon footprint.
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Gerard said, as Trump did, that the intention is not to start a "trade war" but to even the playing field.
He said that for more than 25 years, the Chinese have been practicing "overcapacity" in steel production and depressing markets in the U.S.
He noted that U.S. Steel is now planning to restart a dormant blast furnace in Granite City, Ill., outside St. Louis.
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