China, Korea and Vietnam all dumped steel in Canada, trade tribunal says

[Uncle Joe]

OTTAWA – The Canadian International Trade Tribunal says it has found there is a reasonable indication that dumping and subsidizing of some steel products by several Asian countries have harmed or could harm Canadian steel producers.

The tribunal says it found the People’s Republic of China, the Republic of Korea and the Socialist Republic of Vietnam all likely interfered in the market for cold-rolled steel in coils and strips.

The tribunal’s inquiry follows investigations by the Canada Border Services Agency on dumping and subsidies. The agency’s investigation continues and it will issue preliminary determinations by August 20.

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The federal government has taken extra steps to crack down on companies that try to ship cheap foreign steel and aluminum into Canada as U.S. tariffs on the metals have pushed companies to look to other markets.

https://globalnews.ca/news/4350910/trade-tribunal-steel-dumping-ruling/

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"We need a trade policy that is fair to American workers, not just large multi-national corporations. We need to stop the hemorrhaging of American jobs as large corporations shut down in the United States and move to low-wage countries.

"Donald Trump’s haphazard and reckless plan to impose tariffs on Canada and the European Union is an absolute disaster that will cause unnecessary economic pain to farmers, manufacturers and consumers in Vermont and throughout the country.

"I strongly support imposing stiff penalties on countries like China, Russia, South Korea and Vietnam to prevent them from illegally dumping steel and aluminum into the U.S. and throughout the world. American steel and aluminum workers need our help, and they need it now, but not at the expense of farmers, workers, small businesses and consumers in Vermont and throughout this country. Given Vermont’s proximity to Canada and our strong trade relations with Canada, these policies will be especially harmful to Vermont and other northern border states. It simply makes no sense to start a trade war with Canada, the European Union and others who are engaged in fair trade, are not cheating and where workers are paid a living wage with good benefits.

"If Trump were serious about protecting good-paying American jobs he would sign an executive order today to prevent large companies that outsource jobs to low-wage countries from receiving lucrative federal contracts and corporate welfare. Instead of imposing piecemeal tariffs on our trading partners, he should comprehensively and fundamentally re-write all of our failed unfettered trade policies to stop the race to the bottom and lift living standards in the U.S. and throughout the world."

https://www.sanders.senate.gov/newsroom/press-releases/sanders-statement-on-trump-tariffs