Administration announces first exemptions from steel tariffs

AP ^ | 6/8/02 | Martin Crutsinger

[Native American Female Vet]

WASHINGTON (AP) The administration is issuing the first batch of exemptions from the hefty tariffs that President Bush imposed on imported steel in March and that has threatened a global trade war.

The Commerce Department announced late Friday that it was excluding 61 products, representing 1 percent of the 13 million metric tons of steel imports originally targeted by Bush's March action imposing tariffs of up to 30 percent.

[livius]

Interesting. Personally, I think the steel tariff was baaaad idea, but I think, on the other hand, that it could be a negotiating point with the EU, which is absolutely savage in its misuse of tariffs, quotas, and various other means of restricting international trade.