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The CCP Is Breaking the Steel Industry—But America Is Fighting Back
3 months ago
837
News
CCP
Chinese Communist Party
steel industry
supply
tumbling prices
overcapacity
United States
tariffs
Chinese goods
Mexico
🔵 Watch the full episode HERE 👉 https://ept.ms/SteelTradeWarCR_YT
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The steel industry is facing too much supply and tumbling prices. Much of the problem is coming from China, where Chinese Communist Party (CCP) policies have led to overcapacity. Faced with this issue, the United States placed tariffs on Chinese goods, including steel and aluminum, which the CCP has in turn tried getting around by using Mexico as a waypoint to the U.S. market. This loophole is now being closed as well. We’ll discuss in this episode of Crossroads.
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