Waupaca Foundry | PartingLINE

China and the U.S. are shipping goods to each other at the briskest pace in years, making the world’s largest bilateral trade relationship look as if the protracted tariff war and pandemic never happened.

Eighteen months after the Trump administration signed the trade deal, the agreement has turned out to be a truce at best. The U.S. trade deficit hasn’t shrunk, most levies are still in place, and it hasn’t led to negotiations over other economic issues.

The American Metals Supply Chain Institute (AMSCI) objects to a ruling by the United States Court of Appeals for the Federal Circuit confirming that the US President can adjust Section 232 tariffs long after they were first implemented.

In a split decision on Tuesday July 13, the three-judge panel overturned a US Court of International Trade (CIT) ruling that put a time limit on presidential tariff authority under Section 232.

Steelmakers in the United States applauded a ruling by the US Court of Appeals for the Federal Circuit that confirmed the US President can boost Section 232 tariffs long after they were first implemented.

In the two-to-one decision on Tuesday July 13, the three-judge panel overturned a US Court of International Trade (CIT) ruling that put a time limit on presidential tariff authority under Section 232.