The U S Steel Market Needs Free Trade, Not Favoritism heritage.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heritage.org Daily Mail and Mail on Sunday newspapers.
The President should make clear that restoring the competitivenessof the ailing steel industry means making hard choices to reducegovernment intervention and force the industry to take advantage ofinnovation and restructure to respond more effectively to consumerdemands.
The U.S. International Trade Commission (ITC) is considering a case that could undermine the entire U.S. solar energy industry. The case involves a request by two U.S. manufacturers of solar cells and panels, the basic building blocks of solar power, for tariffs that would nearly double costs for materials. Unlike for previous country-specific tariffs, this petition seeks to increase prices on imports from every country, including NAFTA trading partners.
For the second time in three months, the U.S. International Trade Commission (ITC) has launched an investigation under the little-used Section 201 of the Trade Act of 1974, which can trigger costly and disruptive government tariffs and quotas on affected products. The petition triggering the investigation was filed by the Whirlpool Corporation, the dominant U.S. manufacturer that produces washers branded under its own name and other familiar brands like Maytag and Kenmore.
Every Michigander remembers what the state’s economy looked like in 2010 715,000 people were out of work, and gross domestic product (GDP) had contracted by 7.6 percent by the time the recession ended. Many people were skeptical that free trade could help revive the economy, while others even blamed free trade for the state’s problems.