Section 232: Will They or Won’t They?

The “will they or won’t they” drama around Section 232 and whether the Trump administration will place tariffs on steel imports is reaching a peak. The Department of Commerce is expected to announce its findings on the Section 232 investigation by the end of next week. According to CNBC, a draft of the report has been circulated to White House advisors and, with the temporary pause on the health bill initiative, a decision may be forthcoming from the president in the next few days.

“There is a lot of anticipation that there is going to be a statement by the Commerce Department today or later this week that suggests Trump impose something like the 232 tariffs,” Aldo Mazzaferro, managing director at Macquarie, told CNBC.