Steel tariffs – critical analysis and commentary

Suhail Abboushi (Professor of Business Administration at Duquesne University, Pittsburgh)

Competitiveness Review

ISSN: 1059-5422

Publication date: 1 June 2006

Abstract

The steel industry in the U.S. has been experiencing declining revenues and rising losses. Over half the steel mills have filed for bankruptcy. To remedy the situation, the industry asked the federal government for help with the retirees’ pensions and protection from steel imports. The government imposed tariffs of 8 to 30 per cent to last for three years. Reaction to the tariffs from U.S. trade partners has been negative. The government hopes the industry will take advantage of the break to modernize and become more efficient. The history of the industry, however, sheds doubt on the industry’s ability to overcome past inefficiencies.

Keywords

Citation

Abboushi, S. (2006), "Steel tariffs – critical analysis and commentary", Competitiveness Review, Vol. 16 No. 2, pp. 135-142. https://doi.org/10.1108/10595420680000006

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Publisher

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Emerald Group Publishing Limited

Copyright © 2006, Emerald Group Publishing Limited

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