The American Iron and Steel Institute (AISI) urged President Obama to address manufacturing and trade concerns with Chinese President Xi Jinping. In an emphatic letter to President Obama, AISI president and CEO Thomas J. Gibson wrote, "China continues to move away from market-based reforms and relies on a series of market-distorting trade and industrial policies that are having serious consequences for American steel producers, other American manufacturers and the U.S. and global economies. China also continues to provide massive subsidies to its steel industry, allowing it to build export-oriented capacity far in excess of its home market demand. With weakened demand in China and elsewhere in the world, this excess capacity leads to surges of steel imports into the open U.S. market that undercuts domestic steel producers and their workers."
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