Long story short: tariffs work as designed, and countries that dump cheap, inferior steel in the United States have nowhere to turn at this point to get around them.
That is the take away from a decision by the justices of the United States Supreme Court who declined a request to rehear a trade case that was decided against the American Institute for International Steel in the U.S. Court of International Trade, a free trade organization.
[President] Trump imposed 25% tariffs on imported steel and 10% tariffs on imported aluminum in March 2018 based on national security grounds. Exemptions have been granted to Argentina, Australia, Brazil and South Korea in exchange for quotas. Canada and Mexico were exempted in May. In response, both countries lifted their retaliatory tariffs on the United States.
The institute brought its lawsuit in June 2018, arguing that a section of the 1962 Trade Expansion Act, which allows presidents to impose tariffs based on national security, is unconstitutional because it delegates too much discretion to the president at the expense of Congress.
When the lower court rejected the challenge, the steel group chose to appeal directly to the Supreme Court instead of taking the case to a regional federal appeals court first.
And they were rejected.
Oops. That backfired.
The steel tariffs were put in place to be sure that the nation’s infrastructure and military would not be adversely affected by inferior steel. That should be a no brainer across the board, but there are those raised in the neocon “free trade” vernacular who refuse to see it, and only see that tariffs are now a factor in international commerce in the United States again. Previous administrations declined to use tariffs to control geopolitical behavior and augment the national coffers.
President Donald Trump is not afraid to do that at all.
And that has the globalists and their puppetmasters not happy with him over this issue.