3991. International — Steel Fortress
- Publication Date:
- 03-2002
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- The United States on March 5 announced tariffs on the vast majority of US steel imports. Despite rumours that he would impose moderate duties, US President Bush levied 30% tariffs on the types of steel accounting for about three-quarters of steel imports. Given that these duties follow hundreds of anti-dumping duties imposed on steel products over the past three years, the decision means that virtually no foreign steel will be sold in the United States. It will also have a host of unforeseen international consequences.
- Topic:
- Foreign Policy, Economics, International Political Economy, and International Trade and Finance
- Political Geography:
- United States