someoneyouknow
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Robert Miller, president and CEO of NLMK USA, said objections raised by U.S. Steel and Nucor to his bid for a waiver are "literal untruths." He said his company, which imports huge slabs of steel from Russia, has already paid $80 million in duties and will be forced out of business if it isn't excused from the 25 percent tariff. U.S. Steel and Nucor are two of the country's largest steel producers.
"They ought to be ashamed of themselves," said Miller, who employs more than 1,100 people at mills in Pennsylvania and Indiana.
The 20,000-plus waiver applications that the Commerce Department has received illustrate the chaos and uncertainty ignited by Trump's trade war against America's allies and adversaries. It's a battle that critics of his trade policy, including a number of Republican lawmakers, have warned is misguided and will end up harming U.S. businesses.
Miller bristled over insistence by Nucor and U.S. Steel that steel slab is readily available in the United States. "That's just not true," he said.
His company isn't the only one looking overseas for a product described as being consistently in short supply. California Steel Industries, a mill east of Los Angeles in Fontana, described the slab shortage as "acute" on the West Coast and declared that its waiver request is critical to its survival.
Jay Zidell, president of Tube Forgings of America, a small company in Portland, Oregon, said he's filed 54 exclusion requests and U.S. Steel has objected to 38 of them. U.S. Steel declared it is "willing and ready to satisfy" Tube Forgings' demands for carbon steel tubing. But Zidell said the comments ignored past problems with metal quality and workmanship that led his company to sever a prior relationship with U.S. Steel.
Still, he's worried the Commerce Department won't approve all of the requests. Tube Forgings already has spent $600,000 on tariffs, he said, and may be on the hook for much more than that.
"The entire system is just screwed up," Zidell said.
https://www.cbsnews.com/news/u-s-firms-seeking-trumps-steel-tariff-waiver-face-backlash/
"They ought to be ashamed of themselves," said Miller, who employs more than 1,100 people at mills in Pennsylvania and Indiana.
The 20,000-plus waiver applications that the Commerce Department has received illustrate the chaos and uncertainty ignited by Trump's trade war against America's allies and adversaries. It's a battle that critics of his trade policy, including a number of Republican lawmakers, have warned is misguided and will end up harming U.S. businesses.
Miller bristled over insistence by Nucor and U.S. Steel that steel slab is readily available in the United States. "That's just not true," he said.
His company isn't the only one looking overseas for a product described as being consistently in short supply. California Steel Industries, a mill east of Los Angeles in Fontana, described the slab shortage as "acute" on the West Coast and declared that its waiver request is critical to its survival.
Jay Zidell, president of Tube Forgings of America, a small company in Portland, Oregon, said he's filed 54 exclusion requests and U.S. Steel has objected to 38 of them. U.S. Steel declared it is "willing and ready to satisfy" Tube Forgings' demands for carbon steel tubing. But Zidell said the comments ignored past problems with metal quality and workmanship that led his company to sever a prior relationship with U.S. Steel.
Still, he's worried the Commerce Department won't approve all of the requests. Tube Forgings already has spent $600,000 on tariffs, he said, and may be on the hook for much more than that.
"The entire system is just screwed up," Zidell said.
https://www.cbsnews.com/news/u-s-firms-seeking-trumps-steel-tariff-waiver-face-backlash/
