Wednesday, September 13, 2006
Automakers urging trade officials to end steel tariffs
A rare moment of agreeement ...
MSNBC.com
A coalition of American and Japanese automakers wants to end penalty tariffs on certain types of steel.
They say the protections make it difficult for them to remain competitive.
The group includes General Motors, Toyota, Ford, DaimlerChrysler, Honda and Nissan. Industry officials say it marks the first time the six automakers have joined forces on a trade issue.
The U-S International Trade Commission will consider next month whether to end current penalty tariffs on carbon flat steel products. The orders were first put in place in 1993.
The I-T-C will decide whether they should remain for another five years.
Automakers contend the tariffs drive up the cost of steel and lead to limited supplies.
MSNBC.com
A coalition of American and Japanese automakers wants to end penalty tariffs on certain types of steel.
They say the protections make it difficult for them to remain competitive.
The group includes General Motors, Toyota, Ford, DaimlerChrysler, Honda and Nissan. Industry officials say it marks the first time the six automakers have joined forces on a trade issue.
The U-S International Trade Commission will consider next month whether to end current penalty tariffs on carbon flat steel products. The orders were first put in place in 1993.
The I-T-C will decide whether they should remain for another five years.
Automakers contend the tariffs drive up the cost of steel and lead to limited supplies.
