> Looks like defeat to me

If so, this is very significant. It does not come about by accident,
especially as Bush is focussed on re-election.

It is a signal of major shifts in the power relationships of late
capitalism.

Chris Burford

----- Original Message -----
From: "joanna bujes" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Thursday, December 04, 2003 11:32 PM
Subject: Re: [PEN-L] USA humbled


> Looks like defeat to me. The local rags arent' giving it much spin or
> headlines...except to offer the consolation that the tarriffs were there
> to offer the steel industry time to retool and reinvent
> themselves...that this work was largely done....so now US steel is newly
> competitive and tarriffs aren't needed anymore.
>
> Right,
>
> Joanna
>
> Chris Burford wrote:
>
> >Bush's withdrawal of protective steel tariffs looks a significant defeat,
a
> >signal about the real balance of power, which is not overwhelmingly in
> >favour of the USA.
> >
> >Or does it look differently to the west of the Atlantic? Or is it largely
> >invisible?
> >
> >Chris Burford
> >
> >London
> >
> >
> >
> >
>

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