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Just wait and see what tariffs other goverments put in place against us because of this. There is always a balance. Some other industry will be hurt by this.
We subsidize the steel industry because the companies do not know how to make steel cheaper.
The missing part of this Bush "gift" was that the steel industry wants the government to pony up a portion of the pension bill that bankrupt steel companies can't afford to pay. And it's these promised pension benefits that are keeping those bankrupt companies from reorganizing.
Mismanagement, plain and simple.
Mark
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