The real steel deal: tariffs meant to pay off at the polls aren't helping on the job. (Gazette).
American Prospect, The, December, 2002 by Lynn, Barry C.
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PAUL VERYSER'S STEEL-PARTS company, Stampings Inc., is in big trouble. Tariffs on steel imports, imposed by President George W. Bush in March, have pushed the cost of steel up by more than half on the American spot market, and this has added a whopping 25 percent to the cost of the air-bag, seat-belt and steering-wheel assembly parts his company makes.
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The higher costs wouldn't be so bad if the Fraser, Mich.-based company could pass them on to its customers, mainly the big automakers and their top suppliers. But most of these companies refuse to pay, Veryser says. Whenever he ...
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