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SMA Statement on Historic Tariffs on Chinese Steel and Other Products

SMA President Philip K. Bell was honored to represent domestic steelmakers by joining President Joseph R. Biden, Treasury Secretary Janet Yellen, Trade Representative Katherine Tai and esteemed guests in The White House Rose Garden today for the announcement of new tariffs designed to prevent Chinese steel and other products from swamping the U.S. market.

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“Chinese goods, including steel products, benefit from the unfair advantage of substantial state investment in manufacturing companies, low emissions standards and low worker safety standards,” Bell said. “Those factors, combined with China’s unwillingness to import American goods except with onerous requirements, create an unfair playing field for American workers. The tariffs that President Biden announced today will go a long way toward ensuring American competitiveness by curtailing the dumping of cheap Chinese goods on our shores.”

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Bell added, “Because American steelmaking produces half as much carbon emissions as Chinese steelmaking, the tariffs could also speed the decarbonization of the global steel industry. For SMA members, the emissions numbers look even better, because our members make 70 percent of America’s steel using recycled raw materials in a clean, energy-efficient process that embraces the circular economy. On average, they emit as little as one-fourth as much carbon emissions per ton of steel as their Chinese competitors and others that engage in extractive, coal-based steelmaking.”

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