Industry News

Increased Section 232 Tariffs on Steel Imports from Turkey Struck Down

Views : 208
Update time : 2020-08-25 18:51:34

A federal trade court in July struck down a presidential trade proclamation, somewhat limiting the president’s ability to impose tariffs under Section 232.

In March 2018, the Trump administration, by proclamation, imposed 25 percent tariffs on steel imports and 10 percent tariffs on aluminum imports using a Section 232 national security justification. In August 2018, President Trump issued another proclamation that increased the levy on steel imports from Turkey to 50 percent. A Turkish company, Transpacific Steel, challenged the increase.

The U.S. Court of International Trade on July 14 ruled that the presidential proclamation that doubled the tariffs on Turkey was issued “in violation of the animating statute and constitutional guarantees” and was, thus, “unlawful and void.”

The violation resulted from the proclamation being issued more than 90 days after the Commerce Department’s January 2018 submission of the report on its Section 232 investigation to the White House. Such presidential actions must, by law, be based on a formal report and set of findings and occur within 90 days of receipt of the report.

Related News
Read More >>
Hindalco signs MoU to invest ₹15000 crore in aluminium capacity expansion in Madhya Pradesh Hindalco signs MoU to invest ₹15000 crore in aluminium capacity expansion in Madhya Pradesh
Feb .25.2025
Hindalco signs MoU to invest ₹15000 crore in aluminium capacity expansion in Madhya Pradesh
EU expands sanctions on Russian aluminium: industry calls for closing loopholes EU expands sanctions on Russian aluminium: industry calls for closing loopholes
Feb .25.2025
EU expands sanctions on Russian aluminium: industry calls for closing loopholes
Fundamental weakness makes it difficult to sustain upward momentum in aluminium prices; short-term price correction observed Fundamental weakness makes it difficult to sustain upward momentum in aluminium prices; short-term price correction observed
Feb .25.2025
Fundamental weakness makes it difficult to sustain upward momentum in aluminium prices; short-term price correction observed
Alba announces Ma’aden as a major shareholder Alba announces Ma’aden as a major shareholder
Feb .25.2025
Alba announces Ma’aden as a major shareholder