He emphasized that the Administration would “obviously” be involved in consultations with Thomas on this issue, which he said has to be addressed as a tax matter since the WTO ruled against a provision of the Internal Revenue Code.
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He emphasized that the Administration would “obviously” be involved in consultations with Thomas on this issue, which he said has to be addressed as a tax matter since the WTO ruled against a provision of the Internal Revenue Code.
Southern member states, particularly France, are taking a harder line on the steel tariffs. Whether the Commission would be able to secure a two-thirds majority of member states for early retaliation may depend on the position to be taken by the United Kingdom and the Netherlands --
Pettigrew said that Canada had “scored points” with its proposals for reform of provincial timber policies. U.S. Trade Representative Robert Zoellick, Commerce Secretary Don Evans and even President Bush had acknowledged “impressive progress” in the talks with respect to the reforms, according to Pettigrew.
U.S. Trade Representative Robert Zoellick this week accused the European Union of overreacting to the U.S. steel safeguard and questioned the EU's plans for a provisional safeguard to guard against a surge in steel imports that cannot enter the U.S. market.
U.S. Trade Representative Robert Zoellick has signaled the U.S. will consider trading partners' requests for compensation to offset the trade damage their steel exports will suffer under this month's U.S. steel safeguard action.
Some Canadian industry groups believe the Coalition would be less willing to accept a deal after the final duties are announced on March 21, a perception Coalition sources insist is inaccurate. Other Canadian industry groups believe the final AD and CVD numbers will be lower than the preliminary findings of 19.3 countervailing duty and an average antidumping duty of 12.6 percent, which would make Canada's negotiating position stronger after Commerce issues its final numbers.
Steel tariffs announced by President Bush this week and scheduled to take effect March 20 impose a steep 30 percent tariff on flat and long products in the first year of the safeguard, but the tariff drops off sharply by six percent each in the subsequent years.