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2020 Policy Priorities
To meet these critical goals, the American steel industry strongly supports the implementation of a public policy agenda to allow U.S. manufacturers to compete in today’s global economy.
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Steel and other manufacturing industries are the backbone of our economy. A strong
manufacturing sector creates significant benefits for society, including good-paying
jobs, investment in research and development, critical materials for our national
defense, and high-value exports. Yet manufacturing in the U.S. faces significant
challenges to its international competitiveness due to a host of factors, including
inadequate investment in infrastructure, regulatory overreach and, most importantly,
foreign unfair trade practices. These practices have resulted in massive global steel
overcapacity causing repeated surges of steel imports into the U.S. market and job
losses affecting many local communities. A concerted pro-manufacturing policy
agenda is needed to reverse this unsustainable trend.
The impact public policies have on manufacturers must be carefully considered to
ensure both economic growth and our national security. The United States cannot
continue to lose its manufacturing base due to market-distorting foreign competition or
government policies that discourage domestic investment in productive capacity.
Should this happen, millions of additional jobs would be lost and our economic
strength as a nation would be further damaged. The U.S. military and our civilian
national security agencies also would lose their principal source of strategic materials
and our nation would become dangerously dependent upon foreign sources of supply.