Mises Wire
Steel Tariffs Worked, Says Bush Administration
Robert B. Zoellick, US trade rep., is quoted in the Washington Times: "Frankly, the safeguards gave the industry an opportunity to do what we hoped it would do." Meanwhile, Zoellick is the leading advocate of "trade liberalization" with the rest of world, which amounts to demanding that other countries open their border to US imports and investment even as the US shuts its borders to competitively priced goods. Undiscussed: how much money is the Bush machine raking in from victimized producers who depend on steel as it contemplates whether to comply with the WTO ruling against tariffs?
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