Breaking News: Major Changes in Steel and Aluminum Imports – What You Need to Know!

Join us for an engaging online discussion on the impact of Section 232 tariffs on steel and aluminum in the United States. Hosted by the Tax Foundation, this webinar will delve into the complexities of tariffs and their effects on American jobs, wages, and prices. Our panel of experts, including Scott Lincicome and Alex Durante, will shed light on the implications of these tariffs and provide valuable insights into this intricate policy landscape.

Here are some key points to consider about Section 232 tariffs:

• Section 232 tariffs on steel and aluminum were implemented by former President Trump and have been continued by President Biden. Despite differing motivations, both administrations have upheld these tariffs since their inception in 2018.
• While the Biden administration has made adjustments to certain steel and aluminum tariffs, imports exceeding certain thresholds will still be subject to Section 232 tariffs. This policy continuity reflects a rare area of agreement between the two administrations.
• A common narrative suggests that foreigners bear the costs of tariffs, but the reality is more nuanced. Who ultimately pays the economic price for tariffs, and how do retaliatory measures impact various stakeholders?
• Our panel will explore the distribution of costs and benefits associated with tariffs, as well as the authority of presidents to implement tariffs without congressional approval. Alex will share insights from his research on the economic impact of Section 232 tariffs, while Scott will provide context on the historical origins of presidential tariff powers.

Don’t miss the opportunity to join our webinar on Thursday, July 18th at noon ET for a comprehensive discussion on Section 232 tariffs and their implications for the U.S. economy.

Moderator:
Erica York, Senior Economist and Research Director, Tax Foundation

Panelists:
– Scott Lincicome, Vice President of General Economics and the Stiefel Trade Policy Center at the Cato Institute
– Alex During, Economist at the Tax Foundation

Register today to secure your spot and gain valuable insights from our panel of experts. Stay informed about upcoming events and engage with leading tax and economic experts in virtual and in-person discussions. Sign up now to receive exclusive invites and stay abreast of the latest developments in the field.

Don’t miss out on this enlightening discussion on Section 232 tariffs and their impact on the U.S. economy. Register now and be part of the conversation.