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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (16505)	3/7/2002 5:28:43 PM
From: Maurice Winn	Read Replies (5) \| Respond to of 74559

Ray, steel exports are small. Only about NZ$50 million [a small portion of the steel mill output]. That's only US$20 million so only about US$7million in tariff tax. So no big deal really. But the last straw on a camel's back is no big deal either. If something isn't helping, it's hindering [not usually neutral]. Hindrance is undesirable [death by 1000 cuts is still death]. So, while it won't bring down NZ, it is a nasty little hit at a loyal puppy. Maybe China will buy our steel since the USA doesn't want it. We'll buy their CDMA phones. China and NZ will happily go on trading with each other and increasingly so since the USA is rejecting us. The USA will be happy not having to associate with either of us. They could form an Axis of Loners [North Korea, Albania, USA]. Mq