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At what cost?/ Steel tariffs do more damage in the long run than leaving markets alone

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From: The Gazette
Date: 20030331
Author:

Henry David Thoreau once observed that the best thing government can do for business is to stay out of it. While we'll be among the first to admit that Thoreau wasn't exactly known as a hard-working businessman, he was certainly on target with that statement. President Bush would do well to heed this advice, especially in the case of tariffs.

Faced with making good on a campaign promise to help the beleaguered domestic steel industry, Bush last year imposed tariffs on several kinds of imported steel. Some analysts credit the tariffs with Republican gains in key steel states in last fall's ...

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