Friday, March 04, 2005

Brazil eliminates tariffs on steel imports, US unlikely to follow

While the US is busy thinking about tariff barriers on steel and keeping Canadian beef away from US consumers, the developing world is busy liberalizing its economies.

Thus, we see that Brazil eliminated tariffs on steel imports today, and that India cut its top tariff to 15% from 20% in its latest budget.

Shouldn't the US lead by example?

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