Tag Archives: Section 232 of the Trade Expansion Act of 1962

U.S. Senator Chuck Grassley (R-IA) – chairman of the powerful Senate Finance Committee, which has jurisdiction over trade-related matters – penned an opinion piece in The Wall Street Journal, stating that Section 232 aluminum and steel tariffs targeting Canada and Mexico – and both countries’ subsequent retaliatory measures – must be removed before Congress will ratify the U.S.-Mexico-Canada Agreement (USMCA). ...

NMMA – along with a coalition of stakeholder partners – recently sent a letter to President Trump, urging him to refrain from imposing auto tariffs using Section 232 of the Trade Expansion Act of 1962. The president previously exercised this authority by imposing tariffs on aluminum and steel, which caused price increases, domestic shortages, and retaliatory measures on U.S. boat ...

Earlier this month, President Donald Trump exercised his authority under Section 232 of the Trade Expansion Act of 1962 to impose a 10 percent worldwide tariff on aluminum. As part of the announcement, the Trump Administration has provided for an exemption process of certain types of aluminum “not to be produced in the United States in a sufficient and reasonably ...