U.S. Firm Wins Reprieve From Expanded Duties on Steel Products - News Summed Up

U.S. Firm Wins Reprieve From Expanded Duties on Steel Products


WASHINGTON — The U.S. Court of International Trade has issued a temporary order under which U.S. customs agents cannot collect duties from a U.S. company under President Donald Trump's recently-announced expansion of steel and aluminum tariffs. PrimeSource Building Products had challenged Trump's surprise expansion of existing tariffs to include derivative products such as steel nails and aluminum cables. It withdrew its request for a temporary restraining order after reaching an agreement with U.S. government officials under which U.S. Customs and Border Protection (CBP) and other U.S. government agencies agreed not to impose the duties for now. Heritage Foundation trade economist Tori Smith said the decision was great news for PrimeSource and foreshadowed another setback for the Trump administration in its imposition of steel tariffs.


Source: International New York Times February 14, 2020 23:26 UTC



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