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This morning in the metals news: The United States’ International Trade Commission issued rulings in a five-year sunset review of imports of cut-to-length carbon steel plate; meanwhile, US Trade Representative Katherine Tai will today describe the “worker-centered trade policy†of the Biden-Harris administration; and, finally, the consumer price index for all urban consumers rose 0.6% in May.
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USITC Rules on Imports of Cut-to-Length Carbon Steel Plate
JHVEPhoto / Adobe Stock
The USITC recently issued five-year sunset review rulings on an existing anti-dumping duty order on cut-to-length carbon steel plate from China and closed the suspended investigations on imports of the product from Russia and Ukraine.
In its vote, the USITC stated that the revocation of the anti-dumping duty order on carbon steel plate from China “would likely lead to the continuation or recurrence of material injury within a reasonably foreseeable period of time. “.
He also voted to maintain the existing suspension agreements for imports from Russia and Ukraine.
“Worker-Centered†Trade Policy
US Trade Representative Katherine Tai will present the Biden administration’s “worker-centered” trade policy today at an AFL-CIO town hall.
USTR today released excerpts from Tai’s remarks.
“We know that trade is essential for the successful functioning of the global economy,†Tai says. “It is clear, however, that past promises made to trade workers have not been kept. Some sectors of the economy have performed well. But far too many communities and workers have been left behind.
The CPI increases in May
The consumer price index (CPI) for all urban consumers rose 0.6% in May, the Bureau of Labor Statistics (BLS) reported.
The gain followed a 0.8% jump in April.
“Over the past 12 months, the All-items index has increased 5.0% before seasonal adjustment; this is the largest 12-month increase since an increase of 5.4% for the period ending August 2008, â€added the BLS.
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