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

To: TobagoJack who wrote (41703)	11/18/2003 8:57:52 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

It is all about trade, Jay. The Beg Thy Neighbor starts to become visible: 1) Cancun trade talks collapse 2) US Steel <<US steelmakers have told the White House they would accept an early removal of tariffs on imported steel but remain opposed to the immediate repeal demanded by the European Union and other trading partners... "The industry is showing some flexibility, recognising the tough spot the administration is in," said one steel industry official who asked not to be named.>> 2) France bites back <<Biting back 11 November 2003 With the accuracy of a (French) Exocet missile, Pascal Lamy, the European commissioner responsible for trade affairs, has levied retaliatory sanctions on US products with lethal effect.>> 3) and now the quotas in textiles See the pattern? cheers elmat