EU retaliation in steel war.

[ZoboZeWarrior]

Originally posted by Ecthelion
Europa den Europäern, Amerikaner raus.

[DinoDoc]

Originally posted by ZoboZeWarrior
We are already "harmed" ...

If true, when can we expect France to surrender?

[ZoboZeWarrior]

Any EU have any information on the retalation ?
Time is well informed ...

[Kyle]

Originally posted by Saint Marcus



Bush tariffs aren't allowed by the WTO, or otherwise there's no reason why the EU, Brazil, Japan and China have filed a complained at the WTO. Also, the tariffs the EU is imposing are in the same category.

Plus, the reason for those additional tariffs is to get some money back from the US for income lost by EU steel factories. The EU requested the US to compensate the EU factories for their loss, but the US rejected this. So therefor, the tariffs are put in place.

"The law, which is an accepted part of international trade agreements, allows the United States to protect a domestic industry that's suffering from the competition caused by a wave of fairly traded foreign imports."


An article on The Slate as two why the tariffs are legal...

http://slate.msn.com/?id=2062852

[ZoboZeWarrior]

Originally posted by Kyle
"The law, which is an accepted part of international trade agreements, allows the United States to protect a domestic industry that's suffering from the competition caused by a wave of fairly traded foreign imports."

http://slate.msn.com/?id=2062852

All industry are suffering from the competition caused by a wave of fairly traded foreign imports.



USA champion of free market only when they gain money ...

[Garth Vader]

From what I understand that clause is intended to protect against a sudden increase in imports. That is not the case with steel.

[Saint Marcus]

"The law, which is an accepted part of international trade agreements, allows the United States to protect a domestic industry that's suffering from the competition caused by a wave of fairly traded foreign imports."

The reason the US is suffering, is because their steel industry is hopeless.

and cause of the US' tariffs, the EU will get hurt (less exports, dumping of steel by other nations in our markets, unfair competition for US companies). We have every right to retaliate.

[DinoDoc]

Originally posted by Saint Marcus
and cause of the US' tariffs, the EU will get hurt (less exports, dumping of steel by other nations in our markets, unfair competition to US companies). We have every right to retaliate.

You sound like Bush.

[Sandman]

the tarrifs would hit goods in the hotly-contested "swing states" that Bush will need to win the next election.

I believe that the American government has done something similar to Europe in the past.

[Saint Marcus]

the dumping only happends because of Bush

[DinoDoc]

Originally posted by Saint Marcus
the dumping only happends because of Bush

Bush makes people dump steel in the US.

Edit: Here's the info that the US tariff is based on: http://www.usitc.gov/steel/

[faded glory]

I think bush was an idiot to put on tariffs.

But this hurts the EU. They are a huge Exporter to America. So any retaliation is not as strong as the orignal tariff's bushed imposed (32.6%?).

We have every right to retaliate.

Yup and you should. But it hurts you also. Just so you know.


The American Steel might be revitalized. I dont know. With the Economy coming back, and Tariff's on EU steel. Consumers might turn to US steel because the tariff's imposed on EU steel make it more expensive. But its all crap-enomics.


Bush was an idiot to do this anyway.

[TCO]

Originally posted by ZoboZeWarrior


We are already "harmed" ...

Agreed. It's just that the retaliation harms you further. Did you understand what I meant when I said that I advocate unilateral free trade?

[ZoboZeWarrior]

Originally posted by faded glory
But this hurts the EU. They are a huge Exporter to America. So any retaliation is not as strong as the orignal tariff's bushed imposed (32.6%?).

Your compagny will raise freely their prize of 29.9 %

[faded glory]

Re: EU retaliation in steel war.

Originally posted by Saint Marcus

However, on top of that (as Time reports), the EU is preparing a further list of tarrifs aimed specifically at American products, even those unrelated to steel (including orange juice and motor cycles). From Time: the tarrifs would hit goods in the hotly-contested "swing states" that Bush will need to win the next election.

I think you pulled this out of your ass. TIME didnt report anything. But EU is considering further retaliation. However, such a move would be considered Undermining the Bush administration. Not a good idea. And could lead to further retalations on are side. Oh and your over your heads. USA Market is the biggest one on Earth. It hurts you enormously when we place restrictions on your imports. So dont push your luck.