Why Section 232 Exemptions Are a Litmus Test for President Trump

Why Section 232 Exemptions Are a Litmus Test for President Trump

The Section 232 tariffs imposed by President Trump have a scope for exemptions. The exemptions are on two levels. First, there are country exemptions that South Korea and Australia have received. Along with the country exemptions, the Trump administration has also allowed for product exemptions for steel and aluminum products that cannot be manufactured in the country. Incidentally, even Alcoa (AA), the leading US-based aluminum producer, has applied for exemptions for some aluminum products it ships from Canada to the United States (SPY). …

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