On March 5, 2002, U.S. President George W. Bush placed tariffs on imported steel. The tariffs took effect March 20 and were lifted by Bush on December 4, 2003. Research shows that "the costs of the Safeguard Measures [steel tariffs] outweighed their benefits in terms of aggregate GDP and employment". [1]

Mar 12, 2018 · President George W. Bush imposed tariffs on a variety of steel products beginning in March 2002 and lasting for three years and one day. The rates ranged from 8 percent to 30 percent on certain steel product imports from all countries …

Mar 7, 2018 · When George W. Bush tried to save the steel industry in 2002 by raising tariffs on selected steel products, many Republicans and business groups say the result was a disaster. More jobs were lost...

Dec 4, 2003 · President George W Bush has repealed US tariffs on imported steel to avoid a damaging trade war. The decision follows a World Trade Organisation decision that the duties, imposed in March...

Sep 20, 2022 · In 2002, President Bush imposed tariffs on steel ranging from 8 to 30 percent after a Section 201 investigation concluded that current steel imports posed “a substantial threat of serious injury” to the steel industry.

Mar 8, 2018 · In early 2002, then-President George W. Bush imposed steel tariffs of up to 30 percent on imports of steel in an effort to shore up domestic producers against low-cost imports.

May 17, 2023 · We analyze the impact of the Bush steel tariffs on employment in local U.S. labor markets in steel-consuming industries and the steel-producing industry.

Mar 13, 2002 · When President Bush imposed tariffs on steel imports March 5, the White House characterized it as a deft compromise, balancing the needs of the troubled American steel industry with the free-market principles the president has so strongly espoused.

In March 2002, President Bush imposed an average 30 percent tariff on selected foreign steel entering the United States.' This trade law was ostensibly enacted to temporarily protect the domestic steel industry. The steel tariffs were, in fact, a second-best and ex post facto attempt to protect an already ailing U.S. industry.

22 hours ago · In 2023, the U.S. International Trade Commission found that those tariffs increased steel and aluminum prices on average by 2.4 percent and 1.6 percent. Perhaps accordingly, the stocks of U.S ...