The American Iron
and Steel Institute (AISI) is welcoming the decision today by the Court of
International Trade (CIT) to uphold the legality of the Section 232 trade
remedy in response to a lawsuit filed by foreign steel importers.
AISI President and
CEO Thomas Gibson released the following statement this morning:
“Today the CIT
rightly affirmed our strong belief that the constitutional challenge to the
Section 232 statute was and is without merit. This lawsuit was theatre by
the importers, designed to divert from the real issue which is that unfairly
traded foreign imports had a disastrous impact on the steel industry,
creating a real threat to our national and economic security. The
president’s bold trade actions have now helped the industry gain some
momentum, and today’s CIT decision builds on that momentum.
consistently maintained that Congress acted within its constitutional
authority when it authorized the president to take action to adjust imports,
when the Secretary of Commerce has determined that such imports threaten to
impair the national security. We are pleased that the CIT has agreed.”
conjunction with the Steel Manufacturers Association (SMA), in September
submitted an amicus brief in the lawsuit.