‘We are not prepared’: Chinese steel makers’ steel weakness highlights risks of global trade war October 29, 2021 October 29, 2021 admin

Reuters  (Reuters)  The United States has accused China of manufacturing steel from cheap Chinese imports that undercut American industry and the global steel industry, raising the prospect of another round of trade wars in the coming months.

On Friday, U.S. Steel said it had halted production of the steel that is key to its global trade strategy because of low demand.

China has already accused the United States of dumping steel at a time when China’s economy is expanding rapidly.

Steelmakers have long complained about U.N. trade sanctions against China and have long lobbied for a new round of tariffs.

The United Steelworkers union, which has a long history of union organizing, has said it would challenge any proposed tariffs if the U.W.F. did not act.

“There is no reason why the UW should not be prepared to fight for the protection of our steel industry,” U.

Stated U.

Steve Dabbs, a spokesman for the union, told Reuters on Friday.

“It’s not that we’re going to be forced to move forward with any tariffs, we’re not.”

U.S.-China trade has been a point of contention between Washington and Beijing since the end of the Cold War, when Washington imposed economic sanctions against Beijing.

Washington has accused Beijing of illegally stealing U.K. steel from the United Kingdom’s government to sell in the United of America and elsewhere.

China has denied the allegation.

In the past, the U-S.

steel industry has complained that it had to buy raw materials from China to make steel that could then be shipped to the United states.

The U.SW also accuses China of illegally exporting steel to the U,S.

market and using its market power to undercut U.A.E.-made products.

The union said it will continue to fight any U.F.-China tariffs, as well as U.O. trade agreements, but added that the United Steel Workers will continue “to demand fair treatment for American workers”.

“We will continue with the same level of commitment to the steel industry as we have for our own,” Dabb said.

“We want fair treatment.”