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U.S. steel groups oppose retroactive tariff bill

February 08, 2019 at 12:47 PM
Groups representing U.S. steel producers are voicing their opposition to recently introduced legislation that would give Congress the power to retroactively lift Section 232 tariffs on steel imports. The Bicameral Congressional Trade Authority Act of 2019 was introduced by Sen. Pat Toomey (R-PA) and others last week. If Congress doesn't “pass an approval resolution within 75 days after enactment, Section 232 tariffs and quotas imposed within the last 4 years are repealed,” a summary of the bill states. Additionally, the...

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