July 12, 2003, 01:07
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#1
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Deity
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WTO rules against U.S. steel tariff
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Quote:
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GENEVA (Reuters) - Emergency tariffs imposed by the United States on steel imports in March 2002 are in violation of global trading rules, the World Trade Organization said Friday.
The formal finding, five months after an interim ruling also went against the United States, was released in the report of a panel that looked into a complaint filed by the European Union, Japan, and six other countries.
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link
As expected.
The US doesn't really expect they could get away with it, right?
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(\__/) 07/07/1937 - Never forget
(='.'=) "Claims demand evidence; extraordinary claims demand extraordinary evidence." -- Carl Sagan
(")_(") "Starting the fire from within."
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July 12, 2003, 01:13
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#2
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Emperor
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this is good news, but i think posco sells most of its steel to countries other than the us.
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July 12, 2003, 01:15
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#3
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Warlord
Local Time: 23:33
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The Bush Administration doesn't exactly have a track record of listening to or cooperating with international organizations, so whether or not this ruling means anything is, in my view, highly questionable.
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"Beauty is not in the face...Beauty is a light in the heart." - Kahlil Gibran
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July 12, 2003, 01:26
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#4
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Deity
Local Time: 13:33
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Lets hope they do so a trade war can be averted.
__________________
(\__/) 07/07/1937 - Never forget
(='.'=) "Claims demand evidence; extraordinary claims demand extraordinary evidence." -- Carl Sagan
(")_(") "Starting the fire from within."
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July 12, 2003, 01:57
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#5
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Deity
Local Time: 21:33
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I think the US should have a steel industry. This is bad.
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Obedience unlocks understanding. - Rick Warren
1 John 2:3 - ... we know Christ if we obey his commandments. (GWT)
John 14:6 - Jesus said to him, "I am ... the truth." (NKJV)
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July 12, 2003, 02:03
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#6
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Emperor
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i don't mind the us having a steel industry. it just should be able to compete.
in any case, i still like posco.
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July 12, 2003, 02:51
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#7
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Deity
Local Time: 01:33
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Quote:
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The US doesn't really expect they could get away with it, right?
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Of course not. It was a political move and a genius one at that.
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July 12, 2003, 02:52
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#8
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King
Local Time: 05:33
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That took 8 months? I'm losing my faith on these bureucratic organisations which can't make any fast decisions even in the most obvious cases.
(How much money has been wasted on the pockets of the invididual bureucrat's, I wonder?)
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July 12, 2003, 03:00
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#9
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Settler
Local Time: 23:33
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Quote:
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Originally posted by Q Cubed
i don't mind the us having a steel industry. it just should be able to compete.
in any case, i still like posco.
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Indeed. So you think we should bring our unions under control?
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July 12, 2003, 03:01
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#10
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King
Local Time: 23:33
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Location: United States of America
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Does the WTO ever rule against any other nation than the United States?
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"Wheresoever you go, go with all your heart." — Confucius
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July 12, 2003, 03:11
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#11
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Emperor
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it did a while back against japan and korea for dumping memory chips and what not.
and i'm not sure how to bring them under control. they should definitely realize that during poor economic times, their survival depends on the company's survival--which is why they should accept short term cuts in exchange for work.
that's something a rational player would do--and why i think what the mechanic's union at united did was unconscionable and idiotic.
unfortunately, i can't think of a way to make them rational. you can't do it the traditional korean way, which is to knock heads...
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B♭3
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July 12, 2003, 03:34
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#12
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Settler
Local Time: 23:33
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Gatekeeper- Rarely, its purpose is to keep the US trade deficit as high as possible. Remember, it is an "international" organization, which means it is intended to benefit everyone other than the US.
Q Qubed_ A very sensible response, I hopre the union leaders read it.
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July 12, 2003, 04:56
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#13
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King
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I was curious, since the WTO rulings one hears the most about in the United States are, naturally, the ones that go against us. Which, IMO, seems to be quite often, although I think there's been a time or two when the WTO went our way (I keep thinking bananas here for some reason).
Gatekeeper
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July 12, 2003, 05:11
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#14
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Prince
Local Time: 23:33
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our steel industry will be destroyed... oh well. its sad, but if it is too inefficient to compete, it might be best for it to go. I wonder what repercussions this could have on our coal industry and other related industries if american steel does go the way of the do-do bird
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July 12, 2003, 06:15
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#15
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King
Local Time: 06:33
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yes gatekeeper, the WTO has ruled in favour of the US several times, the bananas example is a trade dispute with the EU. basically EU countries gave special terms to former colonies for importing bananas which the US objected to, the WTO ruled against the EU and allowed the US to impose some tarrifs on some european goods.
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"The Christian way has not been tried and found wanting, it has been found to be hard and left untried" - GK Chesterton.
"The most obvious predicition about the future is that it will be mostly like the past" - Alain de Botton
Last edited by C0ckney; July 12, 2003 at 06:33.
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July 12, 2003, 06:28
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#16
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King
Local Time: 13:33
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Does this mean that next we're going to unilaterally invade the WTO?
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July 12, 2003, 08:13
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#17
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Moderator
Local Time: 05:33
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That's what we're developing those unmanned bombers for, silly boy! 
-=Vel=-
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July 12, 2003, 08:44
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#18
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Settler
Local Time: 06:33
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Posts: 0
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Quote:
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Originally posted by Gatekeeper
Does the WTO ever rule against any other nation than the United States?
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http://www.wto.org/english/res_e/boo.../anrep03_e.pdf
Pages 87 and following.
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“Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)
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July 12, 2003, 12:24
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#19
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Deity
Local Time: 01:33
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Quote:
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Originally posted by Gatekeeper
Does the WTO ever rule against any other nation than the United States?
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Yes. Unfortunately you guys are also major annoyances when it comes to unfounded tarriffs...
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July 12, 2003, 13:38
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#20
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Deity
Local Time: 01:33
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This is a good move. I didn't want to see the tariff in the first place, even though a short "time out" to restructure isn't an inappropriate policy.
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July 12, 2003, 13:41
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#21
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Quote:
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Of course not. It was a political move and a genius one at that.
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Bingo. Now Bush can just tell the big steel producing states (like West Virginia, etc) that he tried.
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“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV)
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July 12, 2003, 13:51
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#22
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King
Local Time: 00:33
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Quote:
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Bingo. Now Bush can just tell the big steel producing states (like West Virginia, etc) that he tried.
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Now Bush will likely tell them 'buisiness as usual'.
The WTO rules against the US in Canada's favour 3-4 times a year on everything from magazines to softwood lumber. The usual US response is to ignore the ruling.
Another reason why even US allies dislike Dubbya. 
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July 12, 2003, 13:55
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#23
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Settler
Local Time: 06:33
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Canada should join the EU.
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“Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)
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July 12, 2003, 14:03
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#24
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Emperor
Local Time: 19:33
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Quote:
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Originally posted by C0ckney
yes gatekeeper, the WTO has ruled in favour of the US several times, the bananas example is a trade dispute with the EU. basically EU countries gave special terms to former colonies for importing bananas which the US objected to, the WTO ruled against the EU and allowed the US to impose some tarrifs on some european goods.
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If this is how they enforce rulings, it doesn't give me much hope for free trade.
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July 12, 2003, 14:08
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#25
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Settler
Local Time: 06:33
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Join Date: Nov 2002
Posts: 0
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It works between the US and the EU. The rest follows.
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“Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)
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July 12, 2003, 14:13
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#26
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King
Local Time: 23:33
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How many developed nations don't have domestic steel industries? Any who are dependent on foreign sources for their steel? Japan, perhaps?
Gatekeeper
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"Wheresoever you go, go with all your heart." — Confucius
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July 12, 2003, 14:22
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#27
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Deity
Local Time: 01:33
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Quote:
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Originally posted by HershOstropoler
Canada should join the EU.
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Please, please, please....
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July 12, 2003, 15:25
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#28
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King
Local Time: 06:33
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Quote:
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Originally posted by TCO
If this is how they enforce rulings, it doesn't give me much hope for free trade.
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yes enforcing free trade by imposing tariffs does seem like a very irish way of doing things, but since the world trade organisation regulates..err...trade, there's not a whole load of other sanctions they can impose.
__________________
"The Christian way has not been tried and found wanting, it has been found to be hard and left untried" - GK Chesterton.
"The most obvious predicition about the future is that it will be mostly like the past" - Alain de Botton
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July 13, 2003, 00:22
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#29
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Settler
Local Time: 23:33
Local Date: November 1, 2010
Join Date: Feb 2001
Posts: 24
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Quote:
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Originally posted by Uncle Sparky
Now Bush will likely tell them 'buisiness as usual'.
The WTO rules against the US in Canada's favour 3-4 times a year on everything from magazines to softwood lumber. The usual US response is to ignore the ruling.
Another reason why even US allies dislike Dubbya.
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We have no allies.
No sense in getting distracted by such emotional foolishness. Sometimes our interests coincide with other countries', other times not.
If we are to have true competition, let's go. I just wish we were allowed to compete in other markets like we allow others to "compete" (dump) here.
THe Euros, for example, subsidize Airbus obscenely, in order to keep unemployment a little less than catastrophic, and steal contracts from Boeing because they pay only a small portion of their true labor costs. But the Euros expect us to open our markets to such "free" competition, and we do, even for military contracts. We are truly stupid.
And then they say we are "unilateral" and "protectionist. HAH! If we really were, every other economy in the world would completely collapse.
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July 13, 2003, 00:25
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#30
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Local Time: 01:33
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Lonewolf, I think we should reduce tariffs ourselves, even if others don't. That way the consumer benefits and US companies are forced to be the most efficient in the world. This is the main reason that England became an economic powerhouse in the 1600s. They repealed tariffs on agricultural goods (the Corn Laws) and they skyrocketed.
__________________
“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV)
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