Trump is yet to deliver on his promise to bring the nation’s steel jobs back, but with the Commerce Department review and recommendations in hand, he now has the chance to influence change, writes Scott N. Paul for The New York Times.
Trump already put the wheels in motion three months into his presidency when he invoked the rarely used Section 232 of the Trade Expansion Act of 1962. This allows the President to potentially block imports that threaten national security.
However, while promising decisive action by the end of June, the review by the Commerce Department only finished last week. Now, the administration has 90 days to make a decision based on the report’s findings.
The report gives Trump a broad license to apply tariffs, quotas, or both on steel imports. And while there is a possibility of retaliation from other countries if import restrictions are raised, an exception found in the General Agreement on Tariffs and Trade permits those changes if they are for security purposes.
Read more about the issue at The New York Times here.