Thursday, June 28, 2018

Tariff backlash

The American Institute for International Steel (AIIS) on Wednesday filed a lawsuit challenging President Trump’s tariffs on imported steel and aluminum.

Joined by two member companies in the lawsuit, the trade association asks a court to declare that Trump’s 25 percent tariffs on steel are unconstitutional because, it charges, they represent an improper "delegation of legislative power to the president," and violate the doctrine of separation of powers and the system of checks and balances.

  The Hill
I'm quite sure that's not what really bothers them.
The lawsuit, filed in the U.S. Court of International Trade, asks the court to block the Trump administration from enforcing the tariffs. While many AIIS member companies do not pay the tariff directly, they are affected because the amount of steel imported is decreasing due to the tariffs.
And their jobs are at stake. That's what they really mean.
Trump implemented the tariffs on imported steel and aluminum in March, and has faced backlash from companies who have said the tariffs are causing them to struggle financially.
America first!

...but hey, do what you want...you will anyway.

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