sound economic policy cannot be made in a vacuum. Today I am introducing a resolution to help take steel policy out of that vacuum. My resolution calls on the Commerce Department and the International Trade Commission, the ITC, to simply consider domestic steel consumers when they decide whether to continue duties on imported steel. Although Commerce and the ITC have the authority to consider steel consumers in sunset reviews, they traditionally have not done so, and frankly, that is simply wrong. Steel consumers are hurting, and unnecessary distortion in the steel market is the reason why. As decisions are made about the import duties on steel products, does it not make sense to consider the impact on steel consumers? Some steel duties are still necessary, but some are not. The deck should not be stacked in favor of keeping unnecessary duties. Let us look at the full impact. It is a matter of fundamental fairness.
Joseph Knollenberg: “sound economic policy cannot be made in a vacuum. Today I am introducing a resolution to help take steel policy out of…”
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Introducing a resolution regarding the impact of steel duties on domestic steel consumers.
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