Central bankers forged together over steel tariffs

US - ECB president Wim Duisenberg and Federal Reserve chairman Alan Greenspan both spoke yesterday of their disagreement with the US government's decision to impose tariffs on steel. US treasury secretary Paul O'Neill, however, came out in favour of the trade barriers.

Using strong language for a central banker, Mr Duisenberg said: "Apparently, the - I'm almost inclined to say deplorable - action by the US authorities to protect its steel industry may have something to do with the exchange rate

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