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WASHINGTON, Dec. 30 (Xinhuanet) -- U.S. President
George W. Bush on Friday rejected a request to place quotas on steel pipe
imported from China and said that the cost to American consumers would outweigh
the benefit to domestic producers.
U.S. pipemakers and a labor group had asked the Bush administration to impose the quotas on certain kinds
of steel pipe imported from China and used primarily in construction.
"Imposing import relief would cost U.S. consumers
substantiallymore than the increased income that could be realized by domestic
producers," Bush said in a statement released at his Texas ranch where he is
staying for holiday. Enditem |