According to Hong Kong's "South China Morning Post" reported on the 3rd, the American Iron and Steel Institute and the United States Steel Manufacturers Association held a conference in Washington, D.C. on November 2, at which U.S. Trade Representative Dai Qi (Katherine tai) declared that the United States will do its best to prevent Chinese steel imports from impacting the U.S. industry. Boost the competitiveness of the U.S. steel industry.
Dai Qi also stressed that boosting the competitiveness of the U.S. steel industry is a top priority that the U.S. government is trying to achieve, and the main challenge facing the U.S. steel industry in addition to the epidemic is the problem of global steel overcapacity.
"We will engage directly with China on China's industrial policy, but we will also take all necessary measures to protect ourselves from the wave of damage caused by years of unfair competition," Dai said. If necessary, we need to be prepared to use all tools and explore the development of new ones, including through cooperation with other economies and countries. ”
Dai Qi thanked the American Steel Association and the American Steel Manufacturers Association for hosting. Source: Twitter screenshot
On October 31, the United States and the European Union announced their commitment to negotiate the world's first carbon-based steel and aluminium trading sector arrangement, and announced a "green" steel and aluminum plan at a meeting in Glasgow, Scotland, primarily to prevent Chinese steel and aluminum from "leaking" to the U.S. market and to help address China's "overcapacity" of metal capacity.
U.S. President Joe Biden declared that the United States and the European Union should not allow "dirty steel" from China to be dumped on the European and American markets. Reuters reported on Nov. 2 that a number of U.S. steel executives supported the White House's proposed carbon-based trade measures and endorsed raising the price of "dirty steel" produced by the United States in China and other countries with high carbon emissions.
Cui Hongjian, director and researcher of the Institute of European Studies at the China Institute of International Studies, said in an interview with China Youth Daily that Europe and the United States are trying to transfer the contradictions between the two sides on steel and aluminum tariffs to the so-called "China's steel and aluminum overcapacity", and there are strong political considerations. Because in this way, they can show the unity of Europe and the United States on the issue of values and China, alleviate contradictions with each other, and also help Biden consolidate his domestic governance foundation. The EU hopes to adjust and repair EU-US relations through "both compromise and struggle", and in this process, it is the consensus reached by the two sides to transfer contradictions and differences outward. China's economic development has brought great stimulation to the pattern of global interests, but as far as we are concerned, we must unswervingly promote the globalization of win-win cooperation, avoid politicizing economic and trade issues, expand the positive results achieved by the country in the bilateral field to the multilateral and global levels as soon as possible, and continuously improve our ability to participate in the formulation of international economic and trade rules.
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