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CPA Economists to Testify to USITC on How Tariffs Grow the Economy and Protect National Security

“The global overcapacity in the steel industry, driven by China’s excess capacity of 400 million tonnes, is an ever-present threat to the western steel industry,” CPA Chief Economist Jeff Ferry will testify “Implemented in early 2018, the 25 percent tariffs were the trigger for an unprecedented period of growth in the U.S. industry. A broad-based wave of capital investment followed, as the major steelmakers committed more than $10 billion to build new mills in Florida, Arkansas, Texas, Arizona, and elsewhere…

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