WSJ: WTO Rules Against U.S. Tariffs on Imported Steel, Aluminum

Kevin Dempsey, chief executive of American Iron and Steel Institute, an industry group, said the tariffs have helped to reduce repeated surges in imported steel, while incentivizing new investments totaling $22 billion by U.S. steelmakers to expand domestic production.

Even then, he said, global overcapacity persists, exacerbated by new facilities in Southeast Asia being funded by China’s Belt and Road Initiative.

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