U.S. Steel Leaders Warn on Lifting of 201 Duties/Cuba Makes Purchaes From Minnesota
A slow news day on the trade front. . .
There is a report indicating that leaders of U.S Steel, Nucor and the Unied Steelworkers repeated their warning to the President that he would pay a "heavy political price" if he gives in to international pressure to repeal the section 201 tariffs on steel products. The warning was made in advance of Monday's expected WTO ruling affirming that the section 201 "safeguard" measures imposed in March 2002 did not comply with the WTO Safeguards Agreement.
Also, there is a story in the story in the Minneapolis Star-Tribune stating that Cuba has ordered 14,300 tons of corn byproducts from Minnesota ethanol plants to use as high-quality cattle feed. The sale of corn byproducts and other agricultural products, including cattle, was made at Cuba's International Trade Show, which opened last weekend. The story notes that U.S. food sales to Cuba are expected to top $166 million this year and $200 million next year.
|posted by Douglas N. Jacobson| Permalink 
