Replies to post #23374 on The Rising Influence of Rising Affluence

[DewDiligence]

(CLF)—X’s CEO_pushes_for_retaining_Section-232 steel tariffs:

https://finance.yahoo.com/news/trumps-25-steel-tariffs-should-not-be-scrapped-says-us-steel-ceo-190924387.html

U.S. Steel…CEO David Burritt thinks now isn't the time to rollback former President Donald Trump's signature steel tariffs that were designed to pressure China's rising steel industry.

[Burritt]: “We have always said we can compete with anyone on a level playing field. It's very clear we haven't had that level playing field. The Section 232 tariffs were necessary. …The illegal steel that would come from China…would find its way into Europe and then into the U.S. …So the risk is that unless you have enforcement at the borders, if you take the 232 [tariffs] off, that steel that would come from Europe might actually come from Asia and find its way in.”

…The tariffs have since become known as the Section 232 tariffs. Trump invoked Section 232 of the Trade Act of 1962, which allows a president to limit imports of goods vital to national security.

…Earlier this month, the U.S. Court of International Trade upheld the Section 232 tariffs following an importer's challenge to them. Meanwhile, President Joe Biden has suggested in his early proclamations a desire to keep the tariffs intact.