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Politics : Stockman Scott's Political Debate Porch
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To: Jim Willie CB who wrote (4353)8/12/2002 5:41:17 PM
From: TigerPaw  Read Replies (3) of 89467
 
the money doled to Brazil could signal a ruinous distress signal to US banks

Why did Brazil need the money anyway?

would face additional tariffs of more than 100 percent on cold-rolled steel -- tariffs that would be imposed on top of the ones of up to 30 percent that the administration has slapped on Brazil, which is receiving U.S.-approved international financial assistance to stave off economic collapse, has already seen its cold-rolled steel exports to the United States plummet by around 80 percent since last year. It could now face additional tariffs of 43 percent.

washingtonpost.com
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