When advocating on behalf of American steel, I have two main concerns: jobs and long-term affordability. The Post’s editorial takes neither into account (“Man of (Overpriced) Steel,” July 21).
No one questions that China is illegally subsidizing its steel industry in such a way that gives it an artificial and unfair advantage, completely defying free-market principles. To advocate for the use of this steel, which would deprive the American economy of dollars and workers of wages, makes no sense.
Furthermore, common sense and economics will tell you that when an industry is subsidized by its government, it seeks to put its competitors out of business, create a monopoly and then raise prices. Therefore, even the argument that it will be cheaper to use Chinese steel is deeply misguided.
Finally, we did not advocate that this current contract be scrapped, only that the MTA do better in the future. The bottom line is that if we won’t stand up for American producers, no one will. And that will result in higher costs and fewer jobs.
Sen. Charles Schumer
Brooklyn