Oral arguments in US steel tariff legal challenge start Friday

摘要

The future of the Section 232 tariffs on steel depends largely on whether a federal appeals courtupholds the determination in a 1970s-era case involving oil, as oral arguments in a lawsuit brought bysteel importers challenging the constitutionality of the tariffs is set to begin Friday, a trade attorneyfamiliar with the case told S&P Global Platts.Friday's proceeding, which will be held in front of a three-judge panel in the Court of Appeals for theFederal Circuit, follows a March 2019 decision from the US Court of International Trade which ruledagainst steel importers due to the precedent established in the 1976 Algonquin oil case, which upheldthe broad use of national security as a justification for quotas and tariffs and established that congressacted within its constitutional authority in authorizing the US president to take action.