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SMA Commends Congressional Steel Caucus for Opposing Classification of Vietnam as Market Economy

“The SMA applauds the Congressional Steel Caucus for highlighting the devastating effect that granting Vietnam market economy status would have on American workers and American steel production,” says SMA President Philip K. Bell. “America’s industrial might relies on fair trade. If countries such as Vietnam, which has turned into one of the most harmful steel traders in the world, are granted market economy status, that puts American jobs and livelihoods at risk. It also destroys secure domestic supply chains in favor of countries that only succeed through government intervention or serving as a key cog in China’s belt and road initiative. We stand with the bipartisan members of the Congressional Steel Caucus in calling for Vietnam not to be granted market economy status.”

Read the press release from the Congressional Steel Caucus.