Bush makes right move with end to steel safeguards

The official word is that a threatened trade war had nothing to do with the decision by US President George W. Bush to end steel tariffs 16 months ahead of schedule."These safeguard measures have now achieved their purpose," Bush said in a statement. "And as a result of changed economic circumstances, it is time to lift them."US Trade Representative Robert Zoellick said in a Washington press briefing that the decision to remove tariffs as high as 30% from selected categories of steel was made independently of European threats of retaliation. Right. Does anyone believe that if it had decided tariffs hadn't "achieved their purpose," the administration, less than a month away from an ele...

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