Steel
in sentence
896 examples of Steel in a sentence
Now, the White House has announced steep tariffs on
steel
and aluminum, supposedly to strengthen national security.
The
steel
tariff, for example, will help a small number of workers in the
steel
industry itself, while hurting a much larger number of workers in downstream industries like construction, oil and gas, and automobile manufacturing.
Before the European Union won a last-minute reprieve from the
steel
and aluminum tariffs, it announced that it was considering retaliatory tariffs on American goods, including whisky and motorbikes, to which the US responded by threatening tariffs on European cars.
Meanwhile, the EU and Asian steel-importing countries, like India and Indonesia, are preparing to adopt safeguard measures to counter a potential surge of imported
steel
diverted from the US.
The creation of America as a major economic power, after all, was made possible by giant
steel
mills, integrated railway systems, and the mobilization of enormous energy reserves through such ventures as Standard Oil.
Moreover, Trump’s decision to impose tariffs on aluminum and
steel
imports, while not targeted specifically at Russia, will cost the Russian economy upwards of $3 billion next year.
Ukrainian exports of
steel
have boomed on China’s appetite, but sooner or later that appetite will be sated, and Ukrainian
steel
producers will need new markets.
Most Europeans take it for granted that the US will attack Iraq, and that this act of unilateralism, coming in the wake of all the other irritants such as the ABM Treaty, the Kyoto Agreement, the
steel
tariffs and the International Criminal Court, will have a devastating effect on transatlantic relations.
As if all this were not enough, as the Davos meeting opened, America’s House of Representatives passed a bill requiring American
steel
to be used in stimulus spending, despite the G-20’s call to avoid protectionism in response to the crisis.
It is therefore difficult to see what the UK would gain from pursuing a national trade policy – especially at a time when the United States, under President Donald Trump, is pursuing policies (such as imposing tariffs on imported
steel
and aluminum) that show little regard for its smaller trade partners.
Meanwhile, China is working to
steel
its economy from a hostile external environment, as it engineers a transition to a more innovative, inclusive, and sustainable growth model.
Great bankers of the past like J.P. Morgan built industries like rail and
steel.
No doubt, China must reject further investment in hulking
steel
mills and empty apartment buildings.
The shared
steel
initiative of 1952 could find its parallel in a German-Polish initiative to jointly manage natural gas imports.
In today's world, economic prosperity comes not from natural resources or production of industrial goods such as coal and steel, but from the production of new ideas and new products.
In July 2013, the leadership ordered the
steel
industry to restart the furnaces and the PBOC to ease credit.
For example, Trump reportedly launched a devastating trade war because he was “unglued,” and convinced during a meeting with
steel
executives that tariffs were a good idea.
How, then, can US President Donald Trump’s decision to impose substantial tariffs on imports of
steel
and aluminum be justified?
Trump no doubt sees potential political gains in steel- and aluminum-producing districts and in increasing the pressure on Canada and Mexico as his administration renegotiates the North American Free Trade Agreement.
But the real target of the
steel
and aluminum tariffs is China.
The Chinese government has promised for years to reduce excess
steel
capacity, thereby cutting the surplus output that is sold to the United States at subsidized prices.
Chinese policymakers have postponed doing so as a result of domestic pressure to protect China’s own
steel
and aluminum jobs.
For the US, the most important trade issue with China concerns technology transfers, not Chinese exports of subsidized
steel
and aluminum.
Although such subsidies hurt US producers of
steel
and aluminum, the resulting low prices also help US firms that use
steel
and aluminum, as well as US consumers that buy those products.
This brings us back to the proposed tariffs on
steel
and aluminum.
Moreover, a so-called Section 232 investigation into the national security threat posed by unfair
steel
imports also takes dead aim at China as the world’s largest
steel
producer.
Yet European leaders must
steel
themselves for what is to come.
The most urgent was the German request to increase
steel
production from 10 million tons to 14 million – well above French levels.
Monnet had some knowledge of coal and steel, having been involved, as a League of Nations official, in finding a settlement for the question of Upper Silesia after WWI.
Meanwhile, the trade surplus is rising again, in part because China is dumping its excess supply of goods – such as
steel
– in global markets.
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