March 14, 2001 |
Brazilian leaders have hardened their stance on joining a proposed hemispheric free-trade zone, saying they will agree only if the United States opens up its agricultural and steel commodities markets and modifies anti-dumping laws. Their comments over the last week are the latest in a string of Brazilian complaints that U.S. trade policy unfairly keeps the South American nation's orange juice, sugar, tobacco and steel out of the world's richest markets.
February 24, 2001
* Alliance Imaging Inc., a diagnostic imaging company that was bought by Kohlberg Kravis Roberts & Co., filed for an initial stock sale to raise as much as $172.5 million. The Anaheim-based company also plans to offer $150 million of senior subordinated notes, according to the filing with the Securities and Exchange Commission. More than 90% of Alliance's revenue comes from magnetic resonance imaging, or MRI.
May 2, 2000 |
The Clinton administration said it was planning to file World Trade Organization cases against Brazil and five other nations, accusing the countries of unfair trade practices that are hurting American businesses. Brazil was targeted for two alleged violations, one involving textile products and the other one covering the administration's belief that the country needs to increase patent protection for U.S. products.
February 12, 2000 |
Under pressure from U.S. steelmakers and labor unions, President Clinton on Friday imposed punitive tariffs on steel imports in a move that could increase trade tensions between the United States and major steel- producing nations such as Brazil, Japan and South Korea. The White House said the tariffs will apply to imported steel wire rod, which is used to make hangers, cables and fasteners, and imported line pipe.
July 8, 1999 |
Brazil agreed to curtail exports to the U.S. of a key steel product used in cars and appliances to avoid tariffs that would have priced its steelmakers out of the U.S. market. The agreement--which U.S. steelmakers denounced as inadequate--calls for Brazil's two largest steel producers to suspend shipments of hot-rolled steel until October, then cut annual exports by 28% for five years. It will also establish minimum prices for the imports. The U.S.
February 13, 1999 |
Signaling that the domestic steel industry deserves some breathing space from an unprecedented flood of imports, the U.S. Commerce Department on Friday issued a preliminary ruling that Brazil and Japan have dumped hot-rolled steel here and unfairly subsidized prices by up to 70%. The findings could lead to anti-dumping tariffs and penalties as early as mid-June if the Commerce ruling is finalized in late April, as expected, and if the U.S.