Word: triggers
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...House pledged to help salve the champ's wounds by toughening up U.S. sanctions against dumping-that is, selling foreign steel in the U.S. for less than it costs to make, or is sold for, in its home country. Last week the Administration announced details of its new "trigger price mechanism" plan, under which steel entering the U.S. with a price tag below a predetermined level would instantly unleash the investigative hound dogs of the Treasury Department...
...computing the trigger prices, the Government consulted with Japanese officials, whose nation's mills make the world's least expensive steel that is imported into the U.S. Last month an American team led by Robert Crandall, deputy director of the Council on Wage and Price Stability, holed up in Washington with a 20-member Japanese delegation, poring over data supplied by the visitors concerning cost of materials and labor, overhead, depreciation and the like. The conclusion: for 17 steel products that make up 75% of the market the average trigger price would...
...triggers for other steel products will be announced by the time the new plan goes into effect Feb. 15. After that date, customs officials will report to the Treasury any imported steel costing less than the trigger price. The Treasury will automatically begin an investigation. In the past, the Government investigated charges of dumping only when they were brought by U.S. companies, and the process often took two years. Now remedies will come much more swiftly...
...plan was not greeted with hosannas. The Federal Trade Commission, in an unpublished study, charges that the trigger-price system will cost American consumers $1 billion, by raising the price of imported metal, and will require a huge bureaucracy to administer. American steelmakers are not sure that it will even actually curb imports. It will do so only if the trigger price is fairly close to the U.S. price-and at year's end several major American manufacturers announced price increases averaging 5.5%. Not until the second quarter will it become apparent whether trigger prices will actually curb imports...
...Begin through sickness or death, God forbid, would be the very worst thing that could happen." According to Western diplomats who have dealt with Begin, he is open-minded on most issues and will sometimes change his position after listening carefully to counterarguments. There are two important exceptions that trigger deep passion: he refuses even to consider any discussions with the Palestine Liberation Organization; and he has repeatedly said he will not accept hostile troops based on the West Bank, which he refers to by its ancient biblical names, Samaria and Judea. To some U.S. officials, Begin's hawkish...