From BBC : http://news.bbc.co.uk/2/hi/business/3291537.stm
A victory for free trade supporters
Bush ditches steel import duties
Steelworkers wanted the tariffs to be kept
President George W Bush has repealed US tariffs on imported steel to avoid a damaging trade war.
The decision follows a World Trade Organisation decision that the duties, imposed in March 2002, are illegal.
Mr Bush had justified them by saying foreign steel firms were driving US firms out of business with unfair competition and government subsidies.
Without the widely-trailed repeal, the European Union would have imposed sanctions worth $2.2bn on 15 December.
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Steelworkers wanted the tariffs to be kept
President George W Bush has repealed US tariffs on imported steel to avoid a damaging trade war.
The decision follows a World Trade Organisation decision that the duties, imposed in March 2002, are illegal.
Mr Bush had justified them by saying foreign steel firms were driving US firms out of business with unfair competition and government subsidies.
Without the widely-trailed repeal, the European Union would have imposed sanctions worth $2.2bn on 15 December.
---
A victory for free trade supporters
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