Ex-White House Economists All Oppose Steel Tariff In Letter

Law360, Washington (July 13, 2017, 3:35 PM EDT) -- Every living chair of the Council of Economic Advisers, save one, signed an open letter to President Donald Trump, published Wednesday, that warns him not to impose steel tariffs on national security grounds as the administration is considering doing.

The 15 chairs, who collectively provided economic advice to six presidents dating back to Gerald Ford, say despite various policy disagreements, all of them agree that invoking Section 232 of the Trade Expansion Act of 1962 to impose tariffs would hurt America economically and diplomatically.

“The diplomatic...
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