The President has decided to impose tariffs of up to 30% on imported steel, with exemptions for NAFTA countries and some developing countries. Industry officials and unions were hoping for a 40% across-the-board tariff. Also concerned with the tariffs for different reasons are steel-consuming industries that were enjoying low steel prices.
See "Bush settles on tariff for steel imports", Mike Allen and Steven Pearlstein, The Washington Post, March 4, 2002