In the News Spotlight: U.S. plan to restrict metals imports faces domestic opposition
“Using the national security power provided for by Section 232 of the Trade Expansion Act of 1962 to justify steel protectionism sets a dangerous precedent – one that could unwind the post-World War II rules-based global trading system that had been an enormous benefit to the United States,” said Clark Packard, trade policy manager at the Washington-based think tank R Street Institute, on Friday.
“Heavy steel tariffs will weaken the United States both economically and strategically,” he said.
