It's Time to Act
Companies like U. S. Steel and its workers have taken the lead in calling for new trade laws and strict enforcement of current ones.
United States Steel Corporation has invested millions in research to develop and innovate new steel products to meet today's consumer needs right here in America. However, U. S. Steel believes China is engaged in several unfair trade practices — from dumping and illegal subsidies, to fixing prices and circumventing trade duties.
1 American steel job supports how many additional jobs in the U.S. economy?
On April 26, 2016, U. S. Steel filed a complaint with the U.S. International Trade Commission (ITC) to initiate an investigation under Section 337 of the Tariff Act of 1930.
The China Threat
Fact Sheet: United States Steel Corporation's Section 337 ComplaintLearn More
The complaint was filed against the largest Chinese steel producers and their distributors. The complaint alleges two illegal unfair methods of competition and seeks the exclusion of all unfairly traded Chinese steel products from the U.S. market.
The complaint alleges two causes of action:
- The illegal conspiracy to fix prices
- The circumvention of trade duties by false labeling — shipping Chinese-made steel goods through third countries.
An allegation involving the theft of trade secrets by Chinese steel producers may be reintroduced in the case in the future.
The time has come for a national dialogue about how we can ensure a strong manufacturing sector, including a healthy domestic steel industry.
At a Glance:
- On April 26, 2016, U. S. Steel filed a complaint with the U.S. International Trade Commission (ITC) to initiate an investigation under Section 337 of the Tariff Act of 1930. The case is continuing through the discovery phase, with hearings expected to be scheduled in fall 2017.
- The 337 action is a powerful tool for American companies because the ITC remedy is the exclusion of the unfairly traded products from the U.S. market, not just the imposition of duties.
- Congress and the administration need to recognize that the American steel industry is a national and economic security interest and take all steps necessary to ensure that the industry remains viable.