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Update on China Dumping Steel in U.S.
The U.S. steel industry has filed an anti-dumping suit against Communist China covering $2.7 billion of imports. The U.S. alleges that Chinese steelmakers unfairly dumped specific types of tubular and pipe steel onto the U.S. market last year. Roger Schagrin, a lead attorney for the steelworkers, said, "China continues exporting massive amounts of products despite decreasing U.S. demand." According to Rob Simon, general manager of Evraz Rocky Mountain Steel, one of the petitioners, "Dumped and subsidized imports from China have tripled from 750,000 tons in 2006 to 2.2. million tons in 2008 and continued increasing in the first quarter of 2009. These imports significantly undersold U.S. producers and created a hugh inventory buildup in the U.S. market."
Update on China’s Unsafe Products
Tarpon Springs, Florida, resident Andrew Scott couldn’t figure out why he had to replace his air conditioner three times in one year. He finally discovered that his problem was another unsafe product imported from Communist China. His builder confirmed that tainted Chinese-made drywall in Scott’s and four adjacent townhomes in Tampa emitted sulfuric fumes that corroded the air conditioning unit’s coils and raised an occasional stink. "We would notice odors in the upstairs bathroom," Scott said.
Update on Questions About China
What will you do about the fact that the Chinese avoid a level trading field by artificially undervaluing their currency up to 40%, subsidizing their products, and imposing import duties against U.S. products 10 times higher than tariffs on their products in U.S. stores?
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