The Bush administration initiated a trade action June 5 that most likely will result in restrictions on steel imports to protect the distressed U.S. steel industry.Under Section 201 of U.S. Trade Act of 1974, the U.S. International Trade Commission will investigate whether domestic steelmakers are harmed by imported steel and, if injury is proved, will propose remedies for the president to consider.In announcing his decision, President George W. Bush said his administration is "committed to free trade as an engine of growth," and as part of "our free trade agenda, we are committed to ensuring that American industry band American workers can compete on a level playing field."
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