Trump cannot double Section 232 duty vs Turkey, US CIT finds

The United States Court of International Trade (CIT) has ruled that President Donald Trump did not have the power to double the Section 232 tariff on steel imports from Turkey.

The increase in the tariff - to 50% from 25% - was a violation of statutory procedures and of equal protection guarantees, the CIT stated in a 22-page ruling on Tuesday July 14.
The ruling follows a complaint filed by US steel importer Transpacific Steel against the US government over the doubled tariffs. The US government had requested that the CIT dismiss the case, but the court in November 2019 denied the government's motion.

The original report that served as a legal basis for the Section 232 order...

Immediate trigger for crash was new Fed Chairman pick

Gold stocks slump on metal price decline

Is the gold market starting to turn 'irrationally exuberant'?

Gold stocks explode up as equity markets languish

Gold stocks outpace flat large caps