Steel Penalty

http://www.futureofcapitalism.com/2010/06/steel-penalty

"In a move that could escalate trade tensions between the U.S. and China, the Department of Commerce found that Chinese drill-pipe makers were selling roughly $200 million of pipes in the U.S. for less than their market value," the Wall Street Journal reports. If the Chinese want to sell Americans stuff extra cheaply, why not just let them? The Journal article says domestic steel makers don't like the competition, but no one selling more expensive products likes competition.

by Ira Stoll  |  Jun 9, 2010 at 9:03 am Related Topics:  China receive the latest by email: subscribe to the free futureofcapitalism.com mailing list