12-07-2003 10:07									#1
	WTO rules against U.S. steel tariff Lose 30 kilos (of popups)

quote: GENEVA (Reuters) - Emergency tariffs imposed by the United States on steel imports in March 2002 are in violation of global trading rules, the World Trade Organization said Friday. The formal finding, five months after an interim ruling also went against the United States, was released in the report of a panel that looked into a complaint filed by the European Union, Japan, and six other countries.

link

As expected.

The US doesn't really expect they could get away with it, right?

	12-07-2003 10:13									#2
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this is good news, but i think posco sells most of its steel to countries other than the us.

	12-07-2003 10:15									#3
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The Bush Administration doesn't exactly have a track record of listening to or cooperating with international organizations, so whether or not this ruling means anything is, in my view, highly questionable.

	12-07-2003 10:26									#4
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Lets hope they do so a trade war can be averted.

	12-07-2003 10:57									#5
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I think the US should have a steel industry. This is bad.

	12-07-2003 11:03									#6
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i don't mind the us having a steel industry. it just should be able to compete.

in any case, i still like posco.

	12-07-2003 11:51									#7
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quote: The US doesn't really expect they could get away with it, right?

Of course not. It was a political move and a genius one at that.

	12-07-2003 11:52									#8
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That took 8 months? I'm losing my faith on these bureucratic organisations which can't make any fast decisions even in the most obvious cases.

(How much money has been wasted on the pockets of the invididual bureucrat's, I wonder?)

	12-07-2003 12:00									#9
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quote: Originally posted by Q Cubed i don't mind the us having a steel industry. it just should be able to compete. in any case, i still like posco.

Indeed. So you think we should bring our unions under control?

	12-07-2003 12:01									#10
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Does the WTO ever rule against any other nation than the United States?

	12-07-2003 12:11									#11
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it did a while back against japan and korea for dumping memory chips and what not.

and i'm not sure how to bring them under control. they should definitely realize that during poor economic times, their survival depends on the company's survival--which is why they should accept short term cuts in exchange for work.
that's something a rational player would do--and why i think what the mechanic's union at united did was unconscionable and idiotic.

unfortunately, i can't think of a way to make them rational. you can't do it the traditional korean way, which is to knock heads...

	12-07-2003 12:34									#12
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Gatekeeper- Rarely, its purpose is to keep the US trade deficit as high as possible. Remember, it is an "international" organization, which means it is intended to benefit everyone other than the US.

Q Qubed_ A very sensible response, I hopre the union leaders read it.

	12-07-2003 13:56									#13
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I was curious, since the WTO rulings one hears the most about in the United States are, naturally, the ones that go against us. Which, IMO, seems to be quite often, although I think there's been a time or two when the WTO went our way (I keep thinking bananas here for some reason).

Gatekeeper

	12-07-2003 14:11									#14
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our steel industry will be destroyed... oh well. its sad, but if it is too inefficient to compete, it might be best for it to go. I wonder what repercussions this could have on our coal industry and other related industries if american steel does go the way of the do-do bird

	12-07-2003 15:15									#15
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yes gatekeeper, the WTO has ruled in favour of the US several times, the bananas example is a trade dispute with the EU. basically EU countries gave special terms to former colonies for importing bananas which the US objected to, the WTO ruled against the EU and allowed the US to impose some tarrifs on some european goods.

Last edited by C0ckney on 12-07-2003 at 15:33

	12-07-2003 15:28									#16
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Does this mean that next we're going to unilaterally invade the WTO?

	12-07-2003 17:13									#17
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That's what we're developing those unmanned bombers for, silly boy!

-=Vel=-

	12-07-2003 17:44									#18
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quote: Originally posted by Gatekeeper Does the WTO ever rule against any other nation than the United States?

http://www.wto.org/english/res_e/bo...e/anrep03_e.pdf

Pages 87 and following.

	12-07-2003 21:24									#19
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quote: Originally posted by Gatekeeper Does the WTO ever rule against any other nation than the United States?

Yes. Unfortunately you guys are also major annoyances when it comes to unfounded tarriffs...

	12-07-2003 22:38									#20
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This is a good move. I didn't want to see the tariff in the first place, even though a short "time out" to restructure isn't an inappropriate policy.

	12-07-2003 22:41									#21
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quote: Of course not. It was a political move and a genius one at that.

Bingo. Now Bush can just tell the big steel producing states (like West Virginia, etc) that he tried.

	12-07-2003 22:51									#22
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quote: Bingo. Now Bush can just tell the big steel producing states (like West Virginia, etc) that he tried.

Now Bush will likely tell them 'buisiness as usual'.

The WTO rules against the US in Canada's favour 3-4 times a year on everything from magazines to softwood lumber. The usual US response is to ignore the ruling.

Another reason why even US allies dislike Dubbya.

	12-07-2003 22:55									#23
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Canada should join the EU.

	12-07-2003 23:03									#24
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quote: Originally posted by C0ckney yes gatekeeper, the WTO has ruled in favour of the US several times, the bananas example is a trade dispute with the EU. basically EU countries gave special terms to former colonies for importing bananas which the US objected to, the WTO ruled against the EU and allowed the US to impose some tarrifs on some european goods.

If this is how they enforce rulings, it doesn't give me much hope for free trade.

	12-07-2003 23:08									#25
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It works between the US and the EU. The rest follows.

	12-07-2003 23:13									#26
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How many developed nations don't have domestic steel industries? Any who are dependent on foreign sources for their steel? Japan, perhaps?

Gatekeeper

	12-07-2003 23:22									#27
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quote: Originally posted by HershOstropoler Canada should join the EU.

Please, please, please....

	13-07-2003 00:25									#28
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quote: Originally posted by TCO If this is how they enforce rulings, it doesn't give me much hope for free trade.

yes enforcing free trade by imposing tariffs does seem like a very irish way of doing things, but since the world trade organisation regulates..err...trade, there's not a whole load of other sanctions they can impose.

	13-07-2003 09:22									#29
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quote: Originally posted by Uncle Sparky Now Bush will likely tell them 'buisiness as usual'. The WTO rules against the US in Canada's favour 3-4 times a year on everything from magazines to softwood lumber. The usual US response is to ignore the ruling. Another reason why even US allies dislike Dubbya.

We have no allies.

No sense in getting distracted by such emotional foolishness. Sometimes our interests coincide with other countries', other times not.

If we are to have true competition, let's go. I just wish we were allowed to compete in other markets like we allow others to "compete" (dump) here.

THe Euros, for example, subsidize Airbus obscenely, in order to keep unemployment a little less than catastrophic, and steal contracts from Boeing because they pay only a small portion of their true labor costs. But the Euros expect us to open our markets to such "free" competition, and we do, even for military contracts. We are truly stupid.
And then they say we are "unilateral" and "protectionist. HAH! If we really were, every other economy in the world would completely collapse.

	13-07-2003 09:25									#30
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Lonewolf, I think we should reduce tariffs ourselves, even if others don't. That way the consumer benefits and US companies are forced to be the most efficient in the world. This is the main reason that England became an economic powerhouse in the 1600s. They repealed tariffs on agricultural goods (the Corn Laws) and they skyrocketed.