Friday, December 7, 2007

How U.S. Manufacturing -- and Steel -- Compete

Keith Busse, CEO of Steel Dynamics and vice chairman of the American Iron and Steel Institute, writes in the Fort Wayne Journal-Sentinel a detailed policy prescription for aiding the global competitiveness of manufacturing and the U.S. steel industry. His column, "Level business playing field," proposes specific measures to respond to unfair competition in steel, especially in the form of Chinese subsidies and the undervalued yuan. But Busse also highlights steps U.S. policymakers can take here, responding to the 32 percent to cost disadvantage manufacturers in the United States face compared to our major competitors.

In addition to trade policies that level the global playing field for U.S. manufacturers, we need:

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