December 01, 2003
Steel tarrifs were bad policy when they were enacted almost two years ago. The remain bad policy today. Fortunately, it appears they will soon be formerly bad policy:
The Bush administration has decided to repeal most of its 20-month-old tariffs on imported steel to head off a trade war that would have included foreign retaliation against products exported from politically crucial states, administration and industry sources said yesterday.
This should help avert the brewing trade war and assist non-steel producing sectors of the economy.
(Hat-tip to Reason Hit & Run)
