www.nj.com/news/expresstimes/index.ssf?/news/expresstim -
[Cached Version]
Published on: 12/8/2001
Last Visited: 12/8/2001
"They're going to kill us," said Jim Zawacki, president of GR Spring and Stamping, Inc., a Grand Rapids, Mich.-based business that buys foreign-made steel and makes products for cars, employing 200 people.
The trade commission's recommendations must be forwarded to the White House by Dec. 19
Three members of the panel proposed one set of tariffs ranging between 20 percent and 8 percent, two other commissioners proposed a more severe regime tariffs between 40 percent and 5 percent, while a sixth member of the panel sought import quotas rather than new taxes.
The president has up to 60 days to choose which tariffs and quotas, if any, to impose upon foreign-made steel products, including carbon and alloy flat products (products used in automobiles, appliances and roofing); carbon and alloy long products (rods, bars and wires used to make pistons, transmissions and rebar for concrete); carbon and alloy tubular products (drilling pipe and water pipe); and stainless steel products (silverware, automobile mufflers).