31. Bush is considering whether to levy tariffs on imported steel as a way of helping the troubled U.S. steel industry. 32. But trade became an irritant in trans-Atlantic relations in March when Bush slapped tariffs on imported steel. 33. Chinese producers face stiff competition from cheap imported steel, whose price has dropped because of declining Asian currencies. 34. Companies that buy imported steel and the export-import industry have been pressing for a repeal. 35. Companies that use imported steel contend that the tariffs will cause higher prices and prompt a trade war. 36. David Phelps, a spokesman for companies that use imported steel, said the decision is indicative of a trade policy that hurts consumers. 37. Domestic steel companies and their union allies urged a federal panel to recommend harsh penalties on cheaper imported steel to help the struggling U.S. industry. 38. Evans represented the administration at the rally, which was held one day after President Bush took the first steps that could lead to broad restrictions on imported steel. 39. European Union leaders on Saturday accused the United States of acting against the spirit of free world trade by imposing punitive tariffs on imported steel. 40. He said he would meet with other members of Congress and with Bush administration officials soon to discuss ways to reduce the flow of imported steel. |