HVAC Breaking News

Mar. 6, 2002: Bush Imposes Steel Tariffs Ranging From 8% To 30%

March 6, 2002
/ Print / Reprints /
/ Text Size+
WASHINGTON, DC — President George W. Bush decided to impose tariffs to protect the U.S. steel industry, applying 8% to 30% tariffs on various types of steel imported from Asia, Europe, and South America.

The action could drive up steel prices significantly, which would result in higher prices for cars and trucks, appliances including hvacr equipment, and housing. Those countries that would see the stiffest tariffs include China, Germany, Japan, South Korea, and Taiwan. Canada, Mexico, and developing countries are exempted. The steel tariffs are to be applied for three years to allow American steel makers to restructure.

European nations and Japan quickly announced their opposition to the tariffs and that they would likely mount a legal challenge with the World Trade Organization.

Publication date: 03/04/2002

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

Recent Articles by Greg Mazurkiewicz

You must login or register in order to post a comment.



Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.


NEWSMakers: John Missell

John Missell, vice president and COO of Spectrum Design, joins the program to discuss how his company has utilized geothermal technologies, and we examine the future of renewable energy resources. Posted on Aug. 15.

More Podcasts


NEWS 08-18-14 cover

2014 August 18

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Prohibiting HFCs

EPA is proposing a rule that would prohibit some HFCs in select refrigeration applications. Do you agree with this move?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con