8:00am-5:00pm EDT
Monday - Friday
8:00am-5:00pm EDT
Monday - Friday
Two briefs make clear that tariffs on steel and aluminum imports have been effective – and removing them will do next to nothing to ease inflation.
The Section 232 national security tariffs on steel and aluminum imports have been in place for a few years now. But – and maybe I’m only speaking for myself here – it seems like only yesterday that we were watching this on cable news, right?
Yeah, that wasn’t a good look. But here’s the truth: The 232 tariffs worked and are still working. While they weren’t explained well to the American public when they were announced in March 2018 – sending the octogenarian billionaire that President Trump made his Commerce Secretary to defend them was an odd choice – these tariffs have created the space for these fundamental manufacturing industries to find their footing after years of strain on them.
And that’s the argument the Economic Policy Institute (EPI) is making ahead of a public hearing on the 232 tariffs at the U.S. International Trade Commission (ITC) next week. In a pair of briefs submitted to the ITC to inform the hearing, it argues:
EPI’s briefs – one for the steel tariffs and the other for aluminum tariffs – are up on its website. And the ITC’s public hearing on these 232 tariffs is scheduled for July 21.
Leave a comment