/javascript" src="../static/js/analytics.js"> CalTrade Report - Steel Tariffs To Be Lifted?Maybe steel tariffs, European Union, CalTrade Report - Steel Tariffs To Be Lifted?Maybe - President could delay decision to drop tariffs CalTrade Report Asia Quake Victims 12/03/03 - The tariffs, scheduled to end in March, 2005, are hailed by trade unions, but slammed by small US manufacturers and others who say they are compelled to pay higher prices for domestically-produced steel; EU, Japan, others have threatened to impose billions in retaliatory duties on US exports if the tariffs aren't eliminated. - 12/03/03 - The tariffs, scheduled to end in March, 2005, are hailed by trade unions, but slammed by small US manufacturers and others who say they are compelled to pay higher prices for domestically-produced steel; EU, Japan, others have threatened to impose billions in retaliatory duties on US exports if the tariffs aren't eliminated. - Steel Tariffs To Be Lifted?Maybe steel tariffs, European Union, CalTrade Report - Steel Tariffs To Be Lifted?Maybe

 

Tuesday, June 13, 2006

 

Become a CalTrade Member--It's Free!
Front Page
Page Two
PR Newswire
Opinion
Profiles
Trade Leads
Calendar
Mission
Editor
Press Releases
Partner Orgs
Advertise Opp.
Contact Us
Int.Time Clock
Currency Calc
Cal Links
Free Services


Our Car

Front Page

E-mail PagePrint Version



Steel Tariffs To Be Lifted?Maybe

President could delay decision to drop tariffs

WASHINGTON, DC - 12/03/03 - Through White House sources say that advisors to President Bush have made no "formal recommendation one way or the other" on the issue, reports continue to circulate through Washington that a growing number of influential staffers are urging him to lift most - if not all - of the tariffs he placed on imported steel in March of last year.

An announcement may come this week, officials said, with others saying the President may not announce his decision until the mid-December deadline set by the World Trade Organization, which ruled last month ruled that the tariffs, which increased prices on various kinds of imported steel by 8% to 30%, violated global trade law.

The European Union, the most vocal international critic of the tariffs, has threatened to impose a record $2.2 billion in sanctions on US-made goods unless the steel tariffs are rescinded with Japan, Korea, Norway, Brazil, and several other countries also threatening retaliatory tariffs on a variety of non-related goods such as citrus fruit and Harley-Davidson motorcycles imported from the US.

When the President imposed the tariffs, which were supposed to be in place until March, 2005, he said they would give the US steel industry time to consolidate and become more efficient and globally competitive. White House spokesman Scott McClellan said an interim report on the tariffs' effects found restructuring underway.

Supporters of the tariffs said the President will pay politically if he decides to drop the tariffs.

''An awful lot of steelworkers voted for him. I can only imagine what their reaction will be,'' Rep. John Murtha (D-PA) told USA Today. ''Anybody in the steel business'this makes your job less secure.''

But lawmakers who oppose the tariffs cheered reports that Bush would ultimately wipe them out. ''The last thing our economy needs right now is a trade war,'' said Republican Rep. Jeff Flake (R-AZ).

Go back, or read the latest Front Page stories:

US Seeks Stronger Ties With Brazil

WASHINGTON, DC – 06/13/06 – Rebounding from the failure to craft a Free Trade Area of the Americas pact, the Bush Administration is aiming at strengthening trade ties with Brazil in an effort to counter China’s fast-growing economic influence in Latin America; China should not only be seen as an export market with 1.3 billion consumers, but also as a nation of 1.3 billion ''new competitors,'' says US Secretary of Commerce Carlos Guittierez.


US Threatens WTO Action Against China

WASHINGTON, DC – 06/10/06 – The White House is threatening to slap China with a World Trade Organization case unless Beijing responds quickly to US concerns over its lack of action on securing intellectual property rights for US products; talks on bringing the WTO case are at a ''very advanced stage,'' according to a high level official in the Office of the US trade Representative.


High Hopes for Central American Trade Pact

WASHINGTON, DC – 06/08/06 – The US -Central American Free Trade Agreement (CAFTA) still faces some hurdles, but could become a reality ''very soon,'' according to Deputy Secretary of State Robert Zoellick; the issues relating to government procurement, intellectual property rights and agriculture still need to be worked through, says the former US Trade Representative following a session of the Organization of American States (OAS) General Assembly in Santo Domingo, Dominican Republic.





 

 


Web Design & Development by Turn-It-Digital in Los Angeles