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STEEL TARIFFS TO STAY IN PLACE

Tariffs should be kept on some steel imports for five years, a U.S. trade panel voted Thursday, a victory for the industry that wants to maintain the protection as it struggles to rebound from bankruptcies.

The Commerce Department had determined that lifting the tariffs would result in more imports from Brazil, Japan and Russia, and the U.S. International Trade Commission voted 4-2 that those imports would harm the U.S. industry. That was the key finding that guaranteed the continuation of the tariffs.

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