About a month or so ago, President Bush imposed tariffs on imported steel. The above article discusses exemptions to the tariffs.
Should tariffs have been imposed in the first place? Should there be any exemptions at all? How would be the best way to help the American steel industry?
This is probably the most commonly used tool by the US for controlling the US trade deficit. Have you ever visited an import broker's office? They all have on their desks (or close by) a bound set of catalog-size books outlining current US trade policies on everything you can think of from all the countries we trade with.
This is just another set of pages in an already huge reference.
Posts: 3632 | Location: Washington, US | Registered: 06-03-02
Much of the complaints I have read from our domestic steel industry is other countries governments subsidizing their steel industries while our own are using free market practices. Supposedly many foreign steel producers sell their steel cheaper than it cost to make it. If that is indeed the case, it is hard to compete in that type of environment. Yet It is good for the industries purchasing the steel being produced. And this is where the problem comes in on these tariffs. Right now, no matter what steps the President takes, someone is going to be upset. Trying to help out, one way or the other, is a no-win situation.
Posts: 2277 | Location: Martinsville, IL | Registered: 06-03-02
