U.S. Supreme Court turns away challenge to Trump steel tariffs

March 30, 2022

The U.S. Supreme Court on Monday declined to hear a challenge by steel companies to former President Donald Trump's 2018 decision to double tariffs on steel imports from Turkey on national security grounds - a policy move defended by President Joe Biden's administration.

The justices turned away an appeal by steel importers - including Transpacific Steel LLC and the Jordan International Company as well as Turkish steel producer Borusan Mannesmann (BRSAN.IS) and its U.S. subsidiary - of a lower court's ruling against their challenge. Trump increased what had been a 25 percent tariff to 50 percent, which the steel companies have argued exceeded his authority. They had sought repayment from the U.S. government of the $54 million they paid collectively in duties.

This is an excerpt of the Reuters article post on March 28, 2022.

Topic(s)

International Trade and Border Management

Information source

International News Channel

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