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Discussion on - "Nations Demand US Drop Steel Duties". The Washington Post. 11 November 2003.
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Economics Article #5 Aakash Dheer November 11, 2003 Syllabus Section: 2 Article Blustein, Paul and Weisman, Jonathan. "Nations Demand US Drop Steel Duties". The Washington Post. 11 November 2003. http://www.washingtonpost.com/wp-dyn/articles/A26379-2003Nov11.html Essence of the Story The article is about the pressure being put on the United States by various countries to get rid of the expensive duties (tariffs1) that have been imposed by the US on imported steel goods. The other countries, such as Japan, Italy, and China, are saying that these tariffs are illegal according to the World Trade Organization (WTO), as they limit free international trade in favor of increasing domestic sales. The lobbying by the other countries has had an effect on the WTO, as they recently ruled that the tariffs are indeed illegal and that the US should scrap them immediately to avoid retaliatory measures by the other countries. These will include tariffs set by the European Union (EU) anywhere from 8% to 30%...
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