Supreme Court won't hear challenge to Trump's steel tariffs

[DonViejo]

Source: CNBC


PUBLISHED 15 MIN AGOUPDATED MOMENTS AGO
Tucker Higgins
@TUCKERHIGGINS

KEY POINTS

The Supreme Court on Monday announced that it will not yet hear a challenge to President Donald Trump’s tariffs on steel imports into the United States.

The news was announced in an order with no noted dissents. The court’s decision not to hear the case leaves in place a March decision from the U.S. Court of International Trade which allowed for Trump’s tariffs.

The Supreme Court on Monday announced that it will not yet hear a challenge to President Donald Trump’s tariffs on steel imports into the United States.

The news was announced in an order with no noted dissents. The court’s decision not to hear the case leaves in place a March decision from the U.S. Court of International Trade which allowed for Trump’s tariffs.

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. Those tariffs have collected approximately $4.5 billion so far, the group wrote in a brief with the top court, a figure that “significantly understates the irreparable and ongoing harm” to their businesses.

The plaintiffs, which include the American Institute for International Steel, are arguing that the law Trump invoked to impose the tariffs effectively granted him too much leeway to circumvent Congress, a violation of the Constitution’s separation of powers.

Read more: https://www.cnbc.com/2019/06/24/supreme-court-wont-hear-challenge-to-trumps-steel-tariffs.html