TARIFFS
|
|
EU Trade Commissioner Pascal Lamy slammed possible U.S. tariffs on steel imports in a hard-hitting speech to the UK Steel Association on Thursday.
Lamy said the EU would launch a World Trade Organisation complaint if the Bush administration goes ahead and slaps tariffs of up to 40 percent on some products.
The proposed U.S. tariffs are meant to force steel exporting countries to cut global production. The U.S. steel industry contends lower-priced imports are being dumped in violation of U.S. trade laws.
Many U.S. steel companies have filed for bankruptcy -- including No.3� U.S. producer, Bethlehem Steel and LTV, the nation's No. 2 steelmaker -- citing the same problems with labour costs and cheap imports.
Lamy said the EU would launch a World Trade Organisation complaint if the Bush administration goes ahead and slaps tariffs of up to 40 percent on some products.
The proposed U.S. tariffs are meant to force steel exporting countries to cut global production. The U.S. steel industry contends lower-priced imports are being dumped in violation of U.S. trade laws.
Many U.S. steel companies have filed for bankruptcy -- including No.3� U.S. producer, Bethlehem Steel and LTV, the nation's No. 2 steelmaker -- citing the same problems with labour costs and cheap imports.
Indian apple imports restricted to one port. The Indian government’s move to only allow apple imports via Mumbai’s Nhava Sheva port is set to seriously hamper trade
click here to read article.
click here to read article.