PITTSBURGH, June 25, 2015 /PRNewswire/ -- Today United
States Steel Corporation (NYSE: X) President and CEO Mario Longhi issued the following statement in
response to the passage of the Trade Promotion Authority (TPA) and
Trade Adjustment Assistance (TAA) bills.
Longhi's statement follows:
"I applaud Congress for passing groundbreaking trade
legislation, giving President Obama the authority to negotiate
strong trade agreements and open new markets for American goods and
services while protecting American manufacturing and American
workers. The reauthorization of TAA, which supports displaced
workers affected by unfair trade, also provides new language to
ensure our trade laws confront unfair trade practices in the U.S.
market. These legislative developments represent a victory for
our efforts to level the playing field with countries who have
taken advantage of our nation's trade laws for far too long.
"The TAA legislation clarifies the injury standard in dumping
and countervailing duties cases – the interpretation and
enforcement of which have been weakened and become a less-effective
tool to counter 21st century trade practices
mastered by foreign companies and governments. By the time
'injury' has occurred and can be demonstrated, our markets have
already been flooded with unfairly traded goods leading to
suppressed prices, plant closures and layoffs. This legislation
allows American manufacturers to seek adequate and timely relief
under U.S. trade laws.
"We have fought, and will continue to fight, for fair trade.
However, our fight to prevent unfairly traded products from
flooding our shores does not end here. We remain resolute and
will use all tools available, including this improved injury
definition, to address illegal dumping and subsidized imports that
injure the health of our company and employees."
United States Steel Corporation, headquartered in Pittsburgh, Pa., is a leading integrated steel
producer and Fortune 200 company with major production operations
in the United States and
Europe and an annual raw
steelmaking capability of 24.4 million net tons. The company
manufactures a wide range of value-added steel sheet and tubular
products. For more information about U. S. Steel, please visit
www.ussteel.com.
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SOURCE United States Steel Corporation