The usx period. in the early days of the reagan administration, steel firms won substantial tax breaks in order to compete with imported goods.but instead of modernizing their mills, steel companies shifted capital out of steel and into more profitable areas.. 5 steel and mining: in 1932, the german government bought more than 120 million marks of shares in gelsenkirchen bergbau (gelsenkirchen mining company), the strongest firm inside the. The u.s. has potentially launched a trade war by imposing heavy tariffs on imported steel and aluminum. steel imports will carry a 25% tariff and aluminum imports 10%. the move, announced thursday, sent stock markets reeling and prompted threats of retaliation from canada and the eu. here’s what.
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