03/08/2018 | Press release | Distributed by Public on 03/08/2018 21:15
CHATTANOOGA, Tenn. - U.S. Senator Bob Corker (R-Tenn.), chairman of the Senate Foreign Relations Committee, today released the following statement after the administration announced it would impose new tariffs on steel and aluminum imports.
'While I share the president's concerns regarding Chinese steel overcapacity, I am disappointed by the administration's approach to this problem and ultimate decision to use a rarely used national security provision to implement new tariffs on steel and aluminum imports,' said Corker. 'A better way to level the playing field for American companies would be to rally our friends and allies to advance a robust, targeted effort to ensure that only those responsible for excess global capacity pay a price. Unfortunately, I fear this announcement could have far-reaching unintended consequences that will put at risk the hard fought economic gains U.S. businesses have seen over the past year. Hopefully, the president will come to realize this possibility and further narrow this announced policy.'