CIT Won't Yet Exempt Cos. From Nat'l Security Steel Duties

Law360 (June 2, 2020, 8:44 PM EDT) -- The U.S. Court of International Trade refused to exempt two steel nail importers from national security duties on steel imports while they challenge the levy, ruling that the tariff doesn't spell "economic life or death" for the companies.

A three-judge panel on Monday spurned J. Conrad Ltd. and Metropolitan Staple Corp.'s request for a preliminary injunction to prevent the government from imposing 25% duties on steel nail imports, saying the importers didn't back up claims that they couldn't weather the increased business costs tied to the "unexpected" duties.

"Nothing on this record shows that the payment of the challenged cash deposits...

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