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Presidential power affirmed as Turkey loses steel tariff appeal

Materials - Metals/Mining 708 Metals - Aluminum 227 Metals - Steel 480 Tariffs 1768 Turkey 59 U.S. 5193

The U.S. Court of Appeals has overturned an earlier court decision that ruled against President Trump’s action to double section 232 (national security) tariffs on imports from Turkey. That reaffirms the President’s discretionary power with regards to tariffs. It’s unlikely that the Biden administration will reinstate the doubled duties on the one hand or abandon the section 232 tariffs on the other. The tariffs have done part of their job. Total U.S. imports of steel and aluminum covered by the section 232 tariffs, excluding those from Canada and Mexico, fell by 46.4% and 40.1% year ove...

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