Trade Cases
March 22, 2018
Section 232 Tariffs "More Hole Than Donut?"
Written by John Packard
The Section 232 tariffs go into effect tomorrow and already they are being watered down with country exclusions. U.S. Trade Representative Robert Lighthizer is now adding all of Europe, South Korea (one of the biggest importers of Chinese steel), Brazil, Argentina and Australia to the list of countries whose steel exports to the U.S. will be exempt from the 25 percent tariff, joining the previously announced Mexico and Canada.
Trade attorney Lewis Leibowitz told SMU this afternoon that there is “more hole than donut” to the tariffs, which he believes is a positive development.
