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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (61859)	3/10/2002 11:44:29 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

US warns steel trade tensions may spread By Guy de Jonquières and Edward Alden in Washington Published: March 10 2002 21:22 \| Last Updated: March 11 2002 01:14 news.ft.com The US administration has warned that strains in international trade relations could spread from steel to other sectors unless the European Union and Japan reflate their economies. Grant Aldonas, under-secretary of commerce for international trade and one of the architects of the decision last week to impose steel tariffs of up to 30 per cent, said other sectors affected could include agriculture and semiconductors. In an interview with the Financial Times, Mr Aldonas said: "We have told people over time that if you don't see stronger growth abroad, you end up seeing friction on the trade account," he said. "There is only so much patience that you have when you are talking about very serious macro-economic issues that have been out there for a long time." This is the first time the Bush administration has linked the steel measures to larger problems in the global economy.