Ross promises action on steel, aluminum overcapacity; 'no firm view' on Cuba policy

If confirmed as Commerce secretary, Wilbur Ross said Wednesday, he will seek to resolve the steel and aluminum overcapacity crises by employing both multilateral diplomacy and trade remedies, squarely blaming China for the global glut of the metals in response to a series of questions from Sen. Amy Klobuchar (D-MN). Ross said the “fundamental problem” lies with China’s mass production and subsequent dumping of steel into foreign markets. “China has 1 billion tons of capacity; that’s half of the world’s...