Biden Faces Fresh Pressure To Remove Security Tariffs
By Jennifer Doherty (February 10, 2021, 2:01 PM EST) -- A trade organization representing importers and manufacturers called on President Joe Biden in a letter Wednesday to reverse steel and aluminum national security tariffs, saying the levies have actually weakened the country by hobbling manufacturers and bruising trade relationships abroad.
The Coalition of American Metal Manufacturers and Users, or CAMMU, said former President Donald Trump's move to invoke a Cold War-era law — Section 232 of the Trade Expansion Act of 1962 — in 2018, has led to modest gains for producers, but was driving manufacturers under through high prices, production delays and material shortages.
"More than 6.2 million Americans work...
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