voda schreef op 24 jun 2019 om 19:04:
Supreme Court will not hear challenge to Trump steel tariffs
Jun. 24, 2019 10:00 AM ET|About: AK Steel Holding Corporation (AKS)|By: Carl Surran, SA News Editor
The U.S. Supreme Court declines to hear a challenge to steel tariffs initiated by the Trump administration, leaving in place an earlier U.S. Court of International Trade decision which allowed for the tariffs on steel imports into the U.S.
The case was brought by a group of companies in the steel industry who say they are harmed by the 25% tariffs on steel imports that Trump ordered early last year.
The Trump administration urged the Supreme Court not to take the case, arguing that the president has wide-ranging authority over foreign affairs and national security matters.
Steel names are lower, including U.S. Steel (X -0.5%), Nucor (NUE -0.9%), AK Steel (AKS -0.2%), ArcelorMittal (MT -1.6%), Steel Dynamics (STLD -1.3%), Reliance Steel (RS -1.1%), Schnitzer Steel (SCHN -0.8%).
Now read: United States Steel Is Capitulating »
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