June 5, 2017

In Case You Missed It: MSCI Discusses Free And Fair Trade In Industry Today

Last Monday, Industry Today published an op-ed by MSCI President and CEO M. Robert Weidner on free and fair trade. In the column, Weidner argues:

“As President Trump rolls out his trade policies, it’s the ideal time for a wholesale reconsideration and reframing of our trade law enforcement. Today’s efforts are fragmented, ineffective and extremely damaging, specifically to the industrial metals supply chain. Current trade law enforcement focuses on single issues and single products. While these mechanisms are important, they ignore the dynamics of the global economy and the ease with which violators defy and circumvent potential penalties. The World Trade Organization (WTO) acts slowly and seems powerless to stop the most active trade law violators, led by China. By the time a tariff or fine is levied, the offending product has usually been substituted for another, been transshipped through a cooperating country not subject to the tariff, or been replaced by a product not subject to a penalty but fabricated from the same raw material.”

Click here to read the full piece.