Trump orders probe into steel dumping
President Donald Trump directed his administration Thursday to expedite a just-launched investigation into whether steel imports are jeopardizing U.S. national security, saying, "This is not an area where we can afford to become dependent on other countries."
Executives from U.S. steelmakers, who support the review, stood behind Trump as he signed a memo directing Commerce Secretary Wilbur Ross to return recommendations in the "very, very near" future. Trump said that could be as soon as 30 to 50 days.
Trump promised as a candidate to revitalize the American steel industry, the decline of which has been especially hard on states like Pennsylvania that were crucial to his victory.
The president said maintaining steel production is critical to U.S. security interests because it is needed to build airplanes, ships and other machinery, along with roads, bridges and other infrastructure. The American steel industry argues that if the U.S. is dependent on imported steel, it could be vulnerable if relations break down with nations that export it.
U.S. prominence in the industry has been slipping for decades. American-made steel once accounted for roughly 20 percent of global production, but had slipped to less than 5 percent by 2015, according to the Belgium-based World Steel Association. China made up less than 3 percent of U.S. steel imports.
Trump couched the investigation as part of action he took earlier in the week to enforce existing "Buy American" laws.
"From now on, we're going to stand up for American jobs, workers and their security, and for American steel companies and companies in general," Trump said. "Today's action is the next vital step toward making America strong and prosperous once again."
In 2001, the Commerce Department found no evidence of a threat after it examined potential national security risks from importing semi-finished steel.
What has changed since 2001 is that China now accounts for half of steel production, such that excess output by Chinese factories —regardless of imports to the United States— can dampen prices for U.S. steelmakers.
Asked whether the move would affect his dealings with China over North Korea, Trump said: "This has nothing to do with China. This has to do with worldwide, what's happening. The dumping problem is a worldwide problem."
A 1962 trade law that gives the president authority to restrict imports and impose tariffs if they are determined to harming U.S. security interests outlines 270 days for such investigations.
ECAN education fair kicks off
The 11th ECAN Edufair has kicked off here from Thursday with an aim of making Nepali students familiarize about the education system at home and abroad. Sri Lanka's Ambassador for Nepal W.S. Perera inaugurated the fair at local Bhrikutimandap. On the occasion, she insisted on the need of further consolidating the Nepal-Sri Lanka ties through the means of education.
- Gold price stable, silver price rises
- Siraha transport management office starts distributing smart card
World Link to bring high-speed optical network for first time in Nepal
Internet service provider World Link Communication Network is strengthening its backbone within a month. The company has said that the new network to be made available by Nokia IP and Communication will be of comparatively higher quality than the current one. It informed that an agreement process has already been forwarded with Nokia to that regard.
Nepal-India Trade, Transit and Connectivity workshop organized
The Nepali Embassy in New Delhi and the IDSA jointly organized a workshop on Nepal-India Trade, Transit and Connectivity as part of the Embassy's economic diplomacy initiative at Vishakhapatnam, India, Wednesday.
Why should we save the ethos of 2015 Nepali constitution?
While Nepal should address voices that question the constitution, it should not undermine the document’s dignity and longevity if the country wants to establish a constitutional culture. No constitution can fulfill all wishes. The drafters of the present constitution should not feel guilty in not securing the consent of all citizens. If the constitution is not fundamentally discriminatory, it has chances to grow further.
One Belt One Road: Prospects & Challenges
Nepal thus has to debate, discuss, analyze and then conclude the cost and benefits of the OBOR for its populace. The benefits of OBOR for Nepali economy are easy to understand, but the short, medium and long-term consequences are not simple, and thus require careful examination.
Dreams and drains
A water-filled ditch looks quite benign until someone lands into it. It was a case of extreme apathy on the part of the perpetrators as the girl paid up with her life for their neglect.
Govt apathy toward flood control
While some opine that, relief can be an option for providing an instant solution, the majority believes that Nepal needs a permanent solution to the problem. And the solution could be construction of dams and water reservoirs, which are the best instruments for flood control.
Traffic Police in Kathmandu
As busy and hassling as the traffic system in Kathmandu is, the Traffic Police here have to handle an equally strenuous job. Over 1,400 traffic officers in and around the Kathmandu Valley battle against the pestering traffic and air pollution each day.
Menstrual taboo outdated
I have seen my sisters and friends isolated and treated in discriminatory manner during their first menstruation cycle. They were not allowed to look at the sun, to touch water source, flower, fruits, any male family member, nor even hear their voice. The activist may claim the situation has changed and I do agree but still during every month my loved ones turns into untouchables beings.