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Steel Policy: The Good, the Bad, and the Ugly

Author

Listed:
  • Gary Clyde Hufbauer

    (Peterson Institute for International Economics)

  • Ben Goodrich

    (Peterson Institute for International Economics)

Abstract

While the US steel industry has been in distress for decades, the "steel crisis" of 1999-2001 was particularly acute. More than 30 steel producing and steel processing firms fell into bankruptcy between 1997 and 2001, and most of the failures occurred after President Bush took office. During his presidential campaign, Bush promised steelworkers that he would not neglect them. As the crisis worsened, the steel industry and the United Steel Workers of America (USWA) pressed the Bush administration to make good on its campaign promise.

Suggested Citation

  • Gary Clyde Hufbauer & Ben Goodrich, 2003. "Steel Policy: The Good, the Bad, and the Ugly," Policy Briefs PB03-01, Peterson Institute for International Economics.
    • Handle: RePEc:iie:pbrief:pb03-01
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    File URL: https://www.piie.com/publications/policy-briefs/steel-policy-good-bad-and-ugly
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    References listed on IDEAS

    as
    1. Lori G. Kletzer & Robert E. Litan, 2001. "A Prescription to Relieve Worker Anxiety," Policy Briefs PB01-02, Peterson Institute for International Economics.
    2. Gary Clyde Hufbauer, 2002. "The Foreign Sales Corporation: Reaching the Last Act?," Policy Briefs PB02-10, Peterson Institute for International Economics.
    3. Drusilla K. Brown & Alan V. Deardorff & Robert M Stern, 2001. "Impacts on NAFTA Members of Multilateral and Regional Trading Arrangements and Initiatives and Harmonization of NAFTA's External Tariffs," Working Papers 471, Research Seminar in International Economics, University of Michigan.
    4. Gary Clyde Hufbauer & Erika Wada, 1999. "Steel Quotas: A Rigged Lottery," Policy Briefs PB99-05, Peterson Institute for International Economics.
    5. Tomz, Michael & Wittenberg, Jason & King, Gary, 2003. "Clarify: Software for Interpreting and Presenting Statistical Results," Journal of Statistical Software, Foundation for Open Access Statistics, vol. 8(i01).
    6. Gary Clyde Hufbauer & Ben Goodrich, 2002. "Time for a Grand Bargain in Steel?," Policy Briefs PB02-01, Peterson Institute for International Economics.
    7. Gary Clyde Hufbauer & Ben Goodrich, 2001. "Steel: Big Problems, Better Solutions," Policy Briefs PB01-09, Peterson Institute for International Economics.
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    Cited by:

    1. Robert Read, 2005. "The Political Economy of Trade Protection: The Determinants and Welfare Impact of the 2002 US Emergency Steel Safeguard Measures," The World Economy, Wiley Blackwell, vol. 28(8), pages 1119-1137, August.
    2. Metiu, Norbert, 2021. "Anticipation effects of protectionist U.S. trade policies," Journal of International Economics, Elsevier, vol. 133(C).
    3. Nathan Jensen, 2007. "International institutions and market expectations: Stock price responses to the WTO ruling on the 2002 U.S. steel tariffs," The Review of International Organizations, Springer, vol. 2(3), pages 261-280, September.
    4. repec:hal:spmain:info:hdl:2441/8367 is not listed on IDEAS
    5. Horst Raff & Nicolas Schmitt & Frank Stähler, 2018. "How Importers May Hedge Demand Uncertainty," Discussion Papers dp18-03, Department of Economics, Simon Fraser University.
    6. Gary Clyde Hufbauer & Ben Goodrich, 2003. "Next Move in Steel: Revocation or Retaliation?," Policy Briefs PB03-10, Peterson Institute for International Economics.
    7. Rivera, Sandra A. & Tsigas, Marinos E., 2005. "How does China’s growth affect India? An Economywide Analysis," Conference papers 331359, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    8. Chris Muris & Horst Raff & Nicolas Schmitt & Frank Stähler, 2023. "Inventory, Sourcing, and the Effects of Trade Costs: Theory and Empirical Evidence," CESifo Working Paper Series 10253, CESifo.
    9. repec:spo:wpmain:info:hdl:2441/8367 is not listed on IDEAS

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