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Bush seeks 201 steel import curbs amid industry crisis
President Bush announced a four month ITC-led trade investigation under Section 201 to curb foreign steel surges. If serious injury is found, tailored tariffs or quotas could be imposed for up to three years, with steps to boost U.S. competitiveness and negotiations to prevent global overproduction. Major steel states praise the move while buyers warn higher prices may follow.
MENTIONED IN THIS ARTICLE
Washington
Bush
U.S
White House
ITC
Commerce
Donald Evans
Treasury
Paul O’neill
OPEC
Wheeling- Pittsburgh