China shrinking steel industry, but too slowly for West
BEIJING (AP) — China’s steel mills, a target of U.S. President Donald Trump’s ire, are their industry’s 800-pound gorilla: They supply half of world output, so every move they make has a global impact. Trump responded last week with a blanket tariff hike on steel and aluminum, another metal China’s trading partners complain it oversupplies. […]...
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