Exclusion requests for Sec 232 and 301 tariffs

New Tariffs: Steel, Aluminum, China President Trump has announced new tariffs this year imposed on imports from various countries under two bases; first, he imposed a 25% steel tariff and 10% aluminum tariff under section 232 of the Trade Expansion Act of 1962. This section allows the President to impose tariffs for national security reasons (the full reports and reasoning are available here). Second, President Trump has announced a new 25% tariff against imports from China under section 301 of the Trade Act of 1974 (full announcement here). The Chinese tariffs are designed to punish, or at least counter-act, unfair trade practices related to technology transfer, intellectual property, and innovation by China. To date, the fact that these tariffs might only end-up hurting domestic industries is getting a lot of attention (there is a lot of tariff activity). There seems to be little awareness or recognition — both amongst importers and the news community as a…

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