STEEL THE SHOW: The fight over Trump’s tariffs on steel and aluminum is still playing out, with steel importers asking the U.S. Court of International Trade for a summary judgment to immediately halt the steel duty. The motion was filed on Thursday, Pro’s Doug Palmer reports, as part of a case launched in June by the American Institute for International Steel and two of its member companies, Sim-Tex and Kurt Obran Partners. The motion takes aim at Trump’s use of Section 232 of the 1962 Trade Expansion Act to impose a 25 percent duty on steel. One of the plaintiffs, Sim-Tex, is a Texas importer of steel products and describes itself in the motion as a “leading wholesaler in the United States of oil country tubular goods" casing and tubing, used in the production and distribution of oil and gas.
— The president also jolted markets on Friday when he said he’s prepared to impose penalties on some $500 billion in Chinese goods regardless of the consequences. “Look, I’m not doing this for politics,” Trump said on CNBC. “I’m doing this to do the right thing for our country.” More on that here.
— The Alliance to Save Energy, along with Advanced Energy Economy, the American Council for an Energy-Efficient Economy, and the Business Council for Sustainable Energy, will today submit comments to the United States Trade Representative on the Trump administration’s second round of proposed tariffs on Chinese products. “The proposed tariffs will increase the cost of energy and energy services for American households and businesses, decreasing domestic manufacturing of energy-efficient products and hurting American clean energy innovation,” the comments say.
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Topics: AEE In The News