28-03-2002 23:00									#1
	EU retaliation in steel war. Increase the size of your Attachments

It was rather predictable that the EU would also impose tarrifs on steel imports, after the US imposed theirs. That's only fair.

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.

Of course, the tarrifs won't actually have much of an effect on wether or not Bush will get re-elected. But still it's a pretty bold political move, which clearly shows that the EU does not want Bush in office.

What's next? Freezing Bush' overseas assets, or restricting his freedom to travel?

Anyway, the thing is that I'm rather surprised at these "political" sanctions that seem to be aimed directly at Bush, and not the US as a whole. Does anyone know if they've ever done such a thing before in previous trade wars?

	28-03-2002 23:02									#2
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Why are you escalating the conflict?!

	28-03-2002 23:07									#3
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Let it be said, that I do disagree with the tariffs Bush enacted. But, Bush could spin these selective response of the EU. He could say the EU is taking this personal and trying to hurt the American people in those states and call for reduced purchases of items from the EU. Or get the local Republicans out to do it themselves.



But really, does the EU have any basis for these tariffs? The ones enacted by Bush are supposedly covered by the WTO treaty, thus only action through the WTO should be allowed.

	28-03-2002 23:10									#4
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quote: which clearly shows that the EU does not want Bush in office.

Sorry, but I don't see that at all. Bush initiated tariffs which were motivated in part by his perceived domestic political considerations. The EU responded in kind, indicating they could play that game too. Doesn't mean EU wants Bush out of office, just that they don't like what he did. (And I can't say I blame them.)

	28-03-2002 23:14									#5
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The real sad part about all this is that Bush's moves were meant as a pay off for the steel workers that voted for him. And this isn't really going to help them one bit. There were far better options for helping them that wouldn't have pissed off the EU.

A bad move on Bush's part.

	28-03-2002 23:18									#6
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quote: Sorry, but I don't see that at all.

Did you read? from Time: the tariffs would hit goods in the hotly-contested "swing states" that Bush will need to win the next election.

quote: But really, does the EU have any basis for these tariffs? The ones enacted by Bush are supposedly covered by the WTO treaty, thus only action through the WTO should be allowed.

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.

quote: Why are you escalating the conflict?!

Coming from an Israeli.

9.5/10

	28-03-2002 23:19									#7
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I know a solution to the steel conflict.

	28-03-2002 23:19									#8
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to be quite honest, I find we're always right because we've been there longer.. europe that is, not the union

	28-03-2002 23:23									#9
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I am a proponent of unilateral free trade. Both Bush's steel tarrif and the EU tarrifs are harmful. The EU "response" is harmful to the EU. They would be better off not responding.

	28-03-2002 23:23									#10
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Adam Smith beat me to the punch on this one. Basically, it's just the EU saying, "Everything you can do, I can do better."

Certainly interesting, isn't it? The EU openly meddling in our internal politics like this. To be honest, as much as I loathe George II, I'm not sure I can approve of it. If Wiggums were around (or a related DL...), I'm sure he'd start calling them terrorists, it's time to commence bombing.

	28-03-2002 23:25									#11
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St. Marcus:

quote: Originally posted by Adam Smith Doesn't mean EU wants Bush out of office, just that they don't like what he did.

Did you read? Can you understand teh distinction?

	28-03-2002 23:31									#12
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quote: Doesn't mean EU wants Bush out of office, just that they don't like what he did. Did you read? Can you understand teh distinction?

No

Why target key election states if the EU just doesn't like this particular decision made by Bush? Those states are specifically targetted as a statement that they don't want Bush to get re-elected.

	28-03-2002 23:32									#13
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Europa den Europäern, Amerikaner raus.

	28-03-2002 23:42									#14
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Who lubs you, little Oestie Andz?

	28-03-2002 23:51									#15
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quote: Originally posted by GP I am a proponent of unilateral free trade. Both Bush's steel tarrif and the EU tarrifs are harmful. The EU "response" is harmful to the EU. They would be better off not responding.

We are already "harmed" ...

	28-03-2002 23:52									#16
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quote: Originally posted by Ecthelion Europa den Europäern, Amerikaner raus.

	28-03-2002 23:54									#17
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quote: Originally posted by ZoboZeWarrior We are already "harmed" ...

If true, when can we expect France to surrender?

	28-03-2002 23:54									#18
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Any EU have any information on the retalation ?
Time is well informed ...

	28-03-2002 23:55									#19
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quote: 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

	28-03-2002 23:57									#20
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quote: 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 ...

	28-03-2002 23:59									#21
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From what I understand that clause is intended to protect against a sudden increase in imports. That is not the case with steel.

	29-03-2002 00:01									#22
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quote: "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.

	29-03-2002 00:05									#23
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quote: 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.

	29-03-2002 00:07									#24
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quote: 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.

	29-03-2002 00:08									#25
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the dumping only happends because of Bush

	29-03-2002 00:09									#26
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quote: 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/

	29-03-2002 00:14									#27
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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%?).

quote: 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.

	29-03-2002 00:16									#28
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quote: 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?

	29-03-2002 00:19									#29
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quote: 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 %

	29-03-2002 00:20									#30
	Re: EU retaliation in steel war. Remove this text

quote: 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.