USA Bush treads fine line on protecting US steel industry US mills applaud his decision to look into surging imports, but critics warn against imposing sanctions. The Laclede Steel Co. used to be a bustling place. Now, downsized and fresh out of bankruptcy, it looks like an industrial shell.
Railroad tracks lead to unused buildings.
The rust is visible everywhere except the rear of the compound where, like General Custer, workers and managers have retreated to make what could be their last stand. But the president's aims may be larger than just helping the foundering industry. By initiating more sweeping action than former President Clinton, Mr. Bush is buffing his image as a moderate on trade, reaching out to Republican and Democratic legislators with steel companies in their backyards, and reflecting Americans' ambivalence about free trade. To critics, though, he is putting at risk his free-trade credentials with the rest of the world. The United States wants other countries to open their markets, but we're going to close ours when the political pressures get too great.