Supreme Court rejects case seeking to halt 232 tariffs
Tariffs on steel will remain in place after the court declined to review an American Institute for International Steel case challenging the president’s constitutional authority.
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One must wonder who the Trump administration is trying to punish with its growing enthusiasm for tariffs. The tariffs are offsetting much of the savings from tax cuts, and if this continues there could be tough months ahead.
Iron ore shipments from U.S. Great Lakes ports totaled 6 million tons in May, up 2% year-over-year, according to the Lake Carriers’ Association.