US may scrap steel tariffs but require licensing

Newswire

By Adam Entous WASHINGTON, Nov 21 (Reuters) - U.S. President George W. Bush may end tariffs on steel imports as early as next week but keep in place a system -- favored by U.S. steel producers -- to license and track imports to minimize the risk of sudden surges, industry sources said on Friday. Groups representing steel importers, which oppose the steel tariffs, say they would go along with the import licensing plan if necessary. Under pressure from major U.S. trading partners and ...

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