Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 1

The yanks are at it again,

George W Bush last night slapped heavy tariffs on steel imports in response to years of heavy lobbying from US steelmakers. Although less than the blanket 40% tariffs sought by the US steel industry, the tariffs of between 15%-30% are expected to have some impact on Australia's three steel producers - BHP Billiton (BHP), OneSteel (OST) and Smorgon Steel (SSX).

“An integral part of our commitment to free trade is our commitment to enforcing trade laws to make sure that America's industries and workers compete on a level playing field,” Bush said in a statement issued by the White House.

Powerful loby group in the USA the steel makers.


Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.