Froman Warns Of 'Serious Trade Responses' To Chinese Overcapacity

U.S. Trade Representative Michael Froman on Tuesday (April 12) publicly warned China that the U.S. would fight back with “serious trade responses” if that country continues unloading its excess steel capacity on the global market, though he made clear the U.S. would initially seek commitments by key steel-producing countries to reduce capacity at next week's high-level steel meeting of the Organization for Economic Cooperation and Development (OECD). “While we express our willingness to work closely with China on this issue...