Re: Bush dropping steel tariffs

Foxtrot wrote:
> 
> http://story.news.yahoo.com/news?tmpl=story&cid=1802&e=1&u=/washpost/20031201/ts_washpost/a23899_2003nov30
> 
> Bush Dropping Steel Tariffs to Avert Trade War
> 
> The Bush administration has decided to repeal its 20-month-
> old tariffs on imported steel to head off a trade war that would
> have included foreign retaliation against products from
> politically crucial states, administration and industry sources
> said yesterday.
> 
> -=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
> 
> Good. Unfortunately he's dropping the tariffs for political
> purposes, and not because he came to his senses and
> realized that protectionism sucks.
>
The US doesn't need to be importing more things. We have a balance of
trade problem. The rest of the world has a balance of trade problem too
although they seem to be benefiting in the short term from using the US
to dump their excess industrial capacity.