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Essay / Research Paper Abstract
A 5 page research paper that examines German exports of steel products to the US, which has been a greatly contested area of trade between these two countries. The US Commerce Department has accused Germany of "dumping" steel products onto the US market. However, while many view this as an unfair trade practice, a subsequent ruling against penalties indicates the complexity of this issue. An examination of US/German steel trade shows that this area of foreign trade has been on shaky ground for some time. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: D0_khgerst.rtf
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Unformatted sample text from the term paper:
Germany of "dumping" steel products onto the US market. However, while many view this as an unfair trade practice, a subsequent ruling against penalties indicates the complexity of this issue.
An examination of US/German steel trade shows that this area of foreign trade has been on shaky ground for some time. First of all, several years ago, soon
after taking office, US President George W. Bush introduced plans for high US steel tariffs, which were immediately met with protest, alarm and indignation by EU officials, with particularly vehement
protests by Germany (EU to protest, 2001). The European Commission argued that the tariff, which would place import duties of between 8 and 30 percent on various steel products over
a three-year period, was legally indefensible (EU to protest, 2001). EU trade commissioner Pascal Lamy commented at that time that the "measure stands in direct contradiction to the rules of
the WTO" and that the "EU would do everything possible to protect our industry and our job market" (EU to protest, 2001). German economic minister Werner Muller made the statement
that the tariff was a "clear act against free world trade" and predicted that the tariff would take a heavy toll on German steel exports (EU to protest, 2001). In
2002, the US Commerce Department ruled that structural steel beams imported from seven foreign markets, including Germany, were dumped in the US (Commerce finds, 2002). These structural steel beams were
no subject to the much-protested temporary tariffs imposed by President Bush in March of 2002 under Section 201 of US trade law (Commerce finds, 2002). Although there is no definitive
connection between the disputed US tariffs and German steel dumping, it is tempting to see this as a retaliatory measure by Germany. "Dumping," as defined by Krugman and Obstfeld
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