New Dems Ask for Renegotiation of South Korean Steel Quotas
New Democrats Chair Suzan DelBene, D-Wash., and Trade Task Force Co-Chair Ron Kind, D-Wis., are asking the commerce secretary and the U.S. trade representative to reevaluate the quota arrangement with South Korea. "We recognize the steelmakers’ concerns about steel imports…
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originating in nonmarket economies being transshipped through market economies. We also note the latest data from the Department of Commerce’s Steel Import Monitoring and Analysis (SIMA) system suggests that steel imported into the United States from Korea did not originate in China. According to SIMA, over 92% of Korean steel imports into the United States were melted and poured in Korea, and virtually all of the remaining 8% was melted and poured in Japan," their May 19 letter said. "The New Democrat Coalition is committed to forward-looking trade policy that promotes economic growth and strengthens our global relationships. As such, we appreciate your efforts thus far to lower prices and rebuild global partnerships, and we thank you for your consideration regarding this request." The letter also was signed by four other New Dem members: Stephanie Murphy of Florida, Jimmy Panetta of California, Don Beyer of Virginia and Ami Bera of California.