Last week the U.S. Court of International Trade (CIT) ruled that certain tariffs imposed on steel imports from Turkey under Section 232 of the Trade Expansion Act were not permitted under the law. It was a big win for American companies and consumers who had been stuck with higher prices due to the tariffs.
But this ruling should not be the end of the story. Rather, it should prompt Congress to reform Section 232 to prevent further misuse of the law.
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