U.S. Titanium Firms Warn TPP Will Bring 'Serious Harm' Without Changes
Two major United States manufacturers of titanium products are warning that the Trans-Pacific Partnership (TPP) will open the floodgates to duty-free imports of the metal from Japan as well as from other major producers who are not party to the trade deal like China and Russia, which they say would cause "serious harm" to the domestic industry. The Titanium Metals Corporation (TIMET) and Allegheny Technologies Incorporated (ATI) have taken issue with two aspects of TPP. The first is the rule...