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a - b - c - d - e - f - g - h - i - j - k - l - m - n - o - p - q - r - s - t - u - v - w - x - y - z President considering response to international trade ruling against U.S. steel tariffs Associated Press WASHINGTON - Faced with a global trade ruling against U.S. steel tariffs and competing interests at home, President Bush said Sunday he is weighing information from aides and has not decided whether to lift the penalties. "I'm thinking about it," Bush told reporters. "I've got some considerations. People are presenting reports to me, which I will look at." Most observers agree those considerations include significant political as well as economic fallout. The tariffs were imposed in March 2002 on certain kinds of imported steel for three years. The idea was to give the battered domestic steel industry breathing room to regroup and consolidate. The tariffs endeared the president to steelworkers in industry-heavy states such as Pennsylvania, Ohio and West Virginia. But they have angered owners and employees of small manufacturing companies in Michigan, Minnesota and Wisconsin. They contend the tariffs have driven up steel prices and forced small manufacturing businesses to close. Other critics have said the tariffs represent an abandonment of Bush's much-cited free-trade principles. A World Trade Organization panel has declared the tariffs illegal, leading the European Union to threaten $2.2 billion in retaliatory sanctions if the penalties are not lifted immediately. Japan and China followed with similar threats. The Bush administration has criticized the WTO's decision, but not said when it will announce its response. a - b - c - d - e - f - g - h - i - j - k - l - m - n - o - p - q - r - s - t - u - v - w - x - y - z |  |
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