Congressional Steel Caucus Asks Biden to Retain Section 232 Tariffs, Quotas
The Congressional Steel Caucus, co-led by Rep. Conor Lamb, D-Pa., an early congressional endorser of Joe Biden, is asking the new administration to retain tariffs and quotas on imported steel that were imposed under Section 232 of the Trade Expansion…
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Act. They said imports have fallen by 8% as a result of the protection. “This remedy has benefited the industry,” the Feb. 1 letter said. “[I]t is important that these tariffs and quotas remain in place to ensure the industry can continue its road to recovery.” The letter was signed by 51 House members, Republicans and Democrats, and across the ideological spectrum within each party.