Steel Trap

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Title: Steel Trap

Essay Details:

Subject: Business

Author: Linda S

Date: October 30, 2014

Level: University

Grade: A

Length: 4 / 1086

Essay text:

Also certain developing countries such as Argentina, Thailand, and Turkey were exempt from the tariff as well. The biggest indicating factor that supported there indeed was a surge in steel imports was that over 30 steel producers had filed bankruptcy in America during the recent years. The normal ad valorem tariff on steel at this time was around .4% – 1% just to put into perspective how large of an impact this tariff had. However, even as high as this tariff was, steel producers were originally looking for a tariff size around 35-40%. The tariff was to stay in effect until 2005 but the tariff was lifted by the Bush Administration on December 4th, 2003...

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