Chinese Aluminum Capacity Threatens US Producers, Sen. Schumer Says in Testimony to ITC
China’s alleged oversupply of aluminum presents an “unrelenting” threat to U.S. producers of the metal, and the International Trade Commission should closely review filings in its ongoing aluminum investigation to reveal foreign government policies that hurt U.S. industry’s ability to…
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compete, Sen. Chuck Schumer, D-N.Y., said in submitted testimony to ITC Chairman Irving Williamson and Vice Chairman David Johanson (here). Schumer also called on the Obama administration and future presidents to aggressively enforce antidumping and countervailing duty orders, and to continue bilateral and multilateral engagement to address China’s overcapacity. “Numerous diplomatic efforts to address aluminum overcapacity have not resulted in any commitments by China to cut their net aluminum capacity,” Schumer said. “We must do all that we can, th[r]ough diplomacy and strong enforcement tools, to make sure that foreign producers’ predatory practices do not cause future layoffs or plant closures.” In a letter led by Ohio Sens. Rob Portman (R) and Sherrod Brown (D), a bipartisan group of 12 senators told President Barack Obama that a dialogue-only approach won’t succeed in eliminating the global oversupply of steel, and said trade enforcement should be a major part of addressing the issue, while acknowledging that ongoing diplomatic talks are important (see 1610030041).