INDIANAPOLIS (AP) — Indiana Gov. Mike Pence smiled for the TV cameras this month as a technology company announced plans to hire hundreds of new workers and add its name to the tallest tower in the Indianapolis skyline. Then the celebratory news conference took an awkward turn.
The U.S. International Trade Commission said on Thursday it launched an investigation into complaints by United States Steel Corp that Chinese competitors stole its secrets and fixed prices, in the latest trade spat between the two countries. U.S. Steel, in its complaint under section 337 of the main U.S. tariff law, is seeking to halt nearly all imports from China's largest steel producers and trading houses. The commission identified 40 Chinese steel makers and distribution subsidiaries as respondents, including Baosteel , Hebei Iron and Steel Group , Wuhan Iron and Steel Co Ltd , Anshan Iron and Steel Group and Jiangsu Shagang Group.