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January 30, 2006
U.S. Agrees to Cut Tariffs on Mexican Cement Imports
I’ve railed about the unnecessarily high prices cement consumers (like people rebuilding along the Gulf Coast) have been paying because of "anti-dumping" tariffs the U.S. has placed on Mexican cement.
It appears the U.S. and Mexico have reached an agreement which immediately cuts tariffs on imported Mexican cement. Ultimately, Mexican producers may be able to import without restrictions by 2009.
According to the Los Angeles Times:
Officials tried to put the best face on Thursday's deal.
Joe Dorn, a Washington attorney who represents the U.S. firms whose complaints sparked the punitive tariffs, called it "a classic situation where everyone can claim victory to some extent."
Some cement makers expressed resignation and relief.
"It buys peace," said Charles Sunderland, chairman and chief executive of Kansas-based Ash Grove Cement Co.
"I'm just glad it's over," said James Repman, CEO of Glendora-based California Portland Cement Co.
If I were running the California Portland Cement Company I'd be glad the whole thing's over, too. I wouldn't have to worry about crazy bloggers pointing out that my company is actually is a subsidiary of the Taiheiyo Cement Company, Tokyo, Japan.
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