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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.

JR




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