Posted on 12/04/2003 10:31:33 PM PST by JohnHuang2
Edited on 07/12/2004 4:11:02 PM PDT by Jim Robinson. [history]
President Bush yesterday lifted steep tariffs on imported steel, citing new evidence that the 21-month program had enabled sagging U.S. steel companies to restructure and become more competitive with foreign producers.
"These safeguard measures have now achieved their purpose and as a result of changed economic circumstances, it is time to lift them," the president said in a statement.
(Excerpt) Read more at washtimes.com ...
Baloney. We already have the most sophisticated, productive and environmentally compliant steelmaking technology in the world.
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This is just a scam perpetrated by the transnational corporations to utilize pollution-belching Third World steelmaking capacity because it's cheaper.
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