National Taxpayers Union Requests Commerce Dept. Stop Section 232 Investigations
The National Taxpayers Union (NTU) in a Dec. 12 letter requested a halt to the Commerce Department-led Section 232 investigations into the national security impacts of steel and aluminum imports, saying any trade actions activated pursuant to the probe would…
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be a “misuse of policy” intended for genuine emergencies, hurt U.S. alliances and break “longstanding precedent.” “Providing the military with dependable metal is important,” the letter says. “However, the amount of steel and aluminum used for defense is a relatively small portion of the total demand, given that the defense industry consumes roughly 1 percent of all aluminum and 3 percent of steel.” NTU also called China the “scapegoat” of U.S. economic woes, adding that the nation “only” accounts for 4 percent of imported steel and 6 percent of imported aluminum. Imposing tariffs would increase costs for manufacturers who rely on lower-priced steel and aluminum imports, and in turn, raise consumer costs for such goods as automobiles, housing, soda cans and dishwashers, the NTU said. Commerce didn't comment.