Biz Watch

ANDY LAVALLEY/AP-THE POST-TRIBUNE

Steelworkers urged Bush to hold out; he didn't

Will Bush Blink Again?
Having flexed their muscles and forced George W. Bush to lift U.S. tariffs on imported steel last week, the E.U. and the World Trade Organization won't be toweling down just yet. Hailing an upturn in the economy and a better outlook for America 's steel industry, Bush said the time was right to end the 21-month-old subsidies, which violated WTO trade rules. But now U.S. trade partners are pressing for other concessions.

"We have a number of disputes with the U.S. ," says Arancha Gonzalez, spokeswoman for E.U. trade Commissioner Pascal Lamy....

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!