11. On trade, the United States has angered European and Asian leaders by edging toward new anti-dumping fines on imported steel. 12. Some Bush advisers have warned that the high taxes on imported steel would have the same effect on the economy as higher individual income taxes. 13. That could benefit automakers, which use imported steel, while increasing competition for domestic makers of steel and petrochemicals. 14. The European Union, whose leaders are scheduled to meet with Bush on Thursday, is threatening to retaliate against the United States for imposing tariffs on imported steel. 15. The higher dollar has also diminished the threat poised by imported steel products. 16. The higher dollar also diminished the threat poised by imported steel products. 17. The officials said moves like the Canadian lumber declaration and taxes on most imported steel showed its commitment. 18. The steelworkers, for instance, want tougher restrictions on unfairly priced imported steel. 19. The strategy was on display last week when Bush put aside his free-trade principles to help steelworkers by imposing tariffs on imported steel. 20. Then the Bush administration invoked it in March to justify selective tariffs on imported steel, and the European Union in turn invoked it to justify countermeasures. |