As trade war escalates, pocketbooks suffer
Sep 06, 2019
3 minutes
By Charlie Campbell/Beijing
PHOTOGRAPH BY WANG JIANWEI
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With reporting by
ALANA SEMUELS/SAN FRANCISCO
O MANUFACTURE FLAT-ROLLED STEEL, you need to start with a steel slab. For a company called NLMK USA, which makes carbon flat-rolled steel in Farrell, Pa., there’s nowhere to get those slabs domestically. That’s meant it has to source them from China—and pay a 25% import tariff—or find an overseas supplier exempt from the tariffs. Meanwhile, prices have climbed as companies in the same situation scramble to find new supplies. As its costs rise, NLMK USA is
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