Friday, September 08, 2006

US based Auto manufacturers call for an end on corrosion resistant steel tariffs

A coalition of US based automotive manufacturers has called for an end to import tariffs on corrosion resistant steels. The group which includes General Motors Corp., Toyota Motor Corp., Ford Motor Co., DaimlerChrysler AG, Honda Motor Co. and Nissan Motor Co. claim that the tariffs are making it difficult to remain competitive in the face of international competition.
The call comes ahead of a meeting due in October of the US trade commission which will review the tariff originally introduced in 1993. The auto manufacturers argue that whilst the tariff was introduced to offer protection to US steelmakers against “unfair” competition and allow them time to modernise, this is no longer required.

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