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Yo_Mama_Been_Loggin

(107,956 posts)
Wed Jul 7, 2021, 12:03 PM Jul 2021

Commerce releases Trump-era report justifying auto tariffs on national security grounds

Former Commerce Secretary Wilbur Ross determined in February 2019 that auto imports posed a threat to national security and recommended that then-President Donald Trump consider imposing tariffs of up to 25 or 35 percent, according to a long-awaited report released on Tuesday by the Commerce Department.

Trump never acted on the recommendation, despite frequently threatening to impose tariffs on imported cars during his presidency.

"A quick glance confirms what we expected," Sen. Pat Toomey (R-Pa.) said in a statement. "The justification for these tariffs was so entirely unfounded that even the authors were too embarrassed to let it see the light of day.”

When it started: Ross initiated the investigation under Section 232 of the 1962 Trade Expansion Act at Trump's behest in May 2018. That was the same year that Trump imposed duties on steel and aluminum imports around the world using the Section 232 statute.

https://www.msn.com/en-us/news/politics/commerce-releases-trump-era-report-justifying-auto-tariffs-on-national-security-grounds/ar-AALSyf7

Also confirms what I expected. These people didn't have the first fucking clue of what they were doing.

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