Every where in the world except USDA. USA steelmakers have accused China of dumping steel in the USA market. The act of dumping is redefined every so often becuase once defined, the powers that be find it does not occur. Now "Dumping" just means selling for less than Americans sell for.
Now the funny thing is USA already pays higher prices for Chinese goods than anyone else on the earth. With USA stupidly taking themselves out of the steel import market, there is more chinese steel for everyone else, meaning German and japanese cars will be all the cheaper for teh USA market. Sigh. We may have saved 20 steelworker jobs, but kiss 200 autoworker jobs good-bye.
Why the US government forbids citizens from buyuing whatever they want at whatever price is available, I don't know. Always iin government action, there is a winning side and a losing side. Always in a free market, both sides win.
Wednesday, December 30, 2009
Steel Just Got Cheaper
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