Global Politician
"America's Steeling a March on Europe
Sam Vaknin, Ph.D. - 8/3/2006
The recent steel spats between the USA and, among others, the EU, is a classic case of suicidal protectionism. American steel producers ended up imposing quotas and tariffs on manufacturers they have only recently purchased in central and eastern Europe.
The battle is far from over. US producers of oil country tubular goods have just applied for relief under the infamous section 201. They blame Ukraine and Romania - as well as 11 other countries - of dumping. They demand to apply duties at the border on this steel product, so as to restore fairness and 'equilibrium' to the market."
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