[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Utopian Visionaries Who Won’t Leave People Alone

No - no - no Ain'T going To get away with iT

Pete Buttplug's Butt Plugger Trying to Turn Kids into Faggots

Mark Levin: I'm sick and tired of these attacks

Questioning the Big Bang

James Webb Data Contradicts the Big Bang

Pssst! Don't tell the creationists, but scientists don't have a clue how life began

A fine romance: how humans and chimps just couldn't let go

Early humans had sex with chimps

O’Keefe dons bulletproof vest to extract undercover journalist from NGO camp.

Biblical Contradictions (Alleged)

Catholic Church Praising Lucifer

Raising the Knife

One Of The HARDEST Videos I Had To Make..

Houthi rebels' attack severely damages a Belize-flagged ship in key strait leading to the Red Sea (British Ship)

Chinese Illegal Alien. I'm here for the moneuy

Red Tides Plague Gulf Beaches

Tucker Carlson calls out Nikki Haley, Ben Shapiro, and every other person calling for war:

{Are there 7 Deadly Sins?} I’ve heard people refer to the “7 Deadly Sins,” but I haven’t been able to find that sort of list in Scripture.

Abomination of Desolation | THEORY, BIBLE STUDY

Bible Help

Libertysflame Database Updated

Crush EVERYONE with the Alien Gambit!

Vladimir Putin tells Tucker Carlson US should stop arming Ukraine to end war

Putin hints Moscow and Washington in back-channel talks in revealing Tucker Carlson interview

Trump accuses Fulton County DA Fani Willis of lying in court response to Roman's motion

Mandatory anti-white racism at Disney.

Iceland Volcano Erupts For Third Time In 2 Months, State Of Emergency Declared

Tucker Carlson Interview with Vladamir Putin

How will Ar Mageddon / WW III End?

What on EARTH is going on in Acts 16:11? New Discovery!

2023 Hottest in over 120 Million Years

2024 and beyond in prophecy

Questions

This Speech Just Broke the Internet

This AMAZING Math Formula Will Teach You About God!

The GOSPEL of the ALIENS | Fallen Angels | Giants | Anunnaki

The IMAGE of the BEAST Revealed (REV 13) - WARNING: Not for Everyone

WEF Calls for AI to Replace Voters: ‘Why Do We Need Elections?’

The OCCULT Burger king EXPOSED

PANERA BREAD Antichrist message EXPOSED

The OCCULT Cheesecake Factory EXPOSED

Satanist And Witches Encounter The Cross

History and Beliefs of the Waldensians

Rome’s Persecution of the Bible

Evolutionists, You’ve Been Caught Lying About Fossils

Raw Streets of NYC Migrant Crisis that they don't show on Tv

Meet DarkBERT - AI Model Trained On DARK WEB

[NEW!] Jaw-dropping 666 Discovery Utterly Proves the King James Bible is God's Preserved Word

ALERT!!! THE MOST IMPORTANT INFORMATION WILL SOON BE POSTED HERE


Status: Not Logged In; Sign In

United States News
See other United States News Articles

Title: This Steelmaker Looked Like a Winner in the Trade War. Now It's Suing the Commerce Department Over Tariffs.
Source: Reason
URL Source: https://reason.com/2019/08/05/this- ... ommerce-department-for-relief/
Published: Aug 5, 2019
Author: Eric Boehm
Post Date: 2019-08-06 08:38:32 by Deckard
Keywords: None
Views: 168
Comments: 1

ibpremium876361

(imageBROKER/Rupert Oberh�user/Newscom)

In March 2018, just weeks after President Donald Trump announced plans to place tariffs on imported steel, the India-based company JSW Steel announced plans to spend $500 million to expand its steelmaking plants in America.

A huge victory for "America First" economic nationalism, right?

Wrong. Less than 18 months later, the same company is now suing the U.S. Department of Commerce over the trade barriers that it once celebrated. In a complaint filed last week, JSW Steel claims it has been harmed by the steel tariffs because, as it turns out, even steel manufacturers with U.S.-based operations still sometimes have to import steel from abroad. When JSW Steel sought an exemption from the steel tariffs, the Commerce Department denied it and told them to pay up. In the lawsuit, the company argues that those exemptions should have been granted.

As I've written before, the tariff exemption process set-up by the Commerce Department is opaque and unaccountable. Even such rudimentary details as which Commerce Department officials are responsible for making final determinations, or the metrics by which those decisions are made, remain a secret. With little transparency or due process, the entire waiver procedure is open to abuse and political favoritism—something that businesses trying to navigate the exemption process have been complaining about for more than a year.

In its lawsuit, JSW Steel claims it applied for a tariff exemption so it could import steel slab—a type of bulk unfinished steel product—from Mexico and elsewhere. Steel slab is not produced in the United States in sufficient quantity to satisfy the company's demand, the lawsuit says.

But the Commerce Department apparently did not care about that. The lawsuit argues that the department "yielded to the objections of three competitive domestic steel producers" (U.S. Steel, AK Steel, and Nucor Corp.) despite making "no effort to verify their claims" and failing "even to offer any reasoned basis for its decisions."

Which, yeah, is pretty much exactly what everyone who's looked at the Commerce Department's tariff exemption process has concluded. It's the sort of dense bureaucratic operation where cronyism flourishes.

In testimony to the House Ways and Means Committee last year, the executive of a Texas-based pipeline builder said the process did not allow adequate time for businesses to respond to objections raised by U.S. Steel and other manufacturers. Once an application is submitted, there is little interaction between the government and the applicant, and there is no opportunity for businesses to "state their case," said Willie Chiang, vice president of Plains All American GP.

Those are "due process flaws that do not exist with respect to most other government procedures," Chiang complained.

Sens. Orrin Hatch (R–Utah) and Ron Wyden (D–Ore.) sent a letter to the Commerce Department last year outlining their worries about a lack of "basic due process and procedural fairness" in the tariff exemption system. The senators held some hearings about the problems with the process, but Congress has not acted to meaningfully restrict Trump's tariffs or instruct the Commerce Department to alter the process.

The fact that a steelmaker that once praised Trump's tariffs is now learning a painful lesson about the realities of "economic nationalism" might seem like karma—with maybe a touch of schadenfreude too. There's been plenty of that to go around. Aluminum manufacturers have sought protection from the tariffs that were supposed to help them. Appliance-maker Whirlpool initially cheered tariffs on washing machines before getting walloped by tariffs on steel and aluminum. And the American steel industry in general has suffered over the past year, largely because tariffs have increased prices and triggered a decline in demand—which has led to layoffs rather than the promised resurrection of American steelmaking.

But JSW Steel's suit is a welcome development. It's a chance for the courts to review the obvious problems with how the Commerce Department has handed Trump's trade policies.

The lawsuit demonstrates the extent to which Trump's trade policies are failing even for the industries that were supposed to be "winning."

More government control over trade doesn't produce prosperity. It produces the special kind of misery that JSW Steel is now experiencing.

(1 image)

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Deckard (#0)

O bull crap. One sided trade does not work, ever. Fair trade is the best we can do and that requires tariffs. This is were the extreme libertarians lose their argument. China will never abide by fair trade with out America using the tariff stick!

If not for traitors to America giving China hope to defeat Trump come election time China would have already caved!!!!!!!! Gawd damn commie bitches and mentally ill people!!!!!!! Stupid fucks cut their own throats and others near them!

"Socialism corrupts and Democratic Socialism corrupts Absolutely"!

Justified  posted on  2019-08-06   9:57:02 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com