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‘Companies are going to get screwed’: US businesses are trying to get exemptions from Trump’s tariffs, and the process sounds like a mess





Wilbur Ross Trump

  • US companies can request exemptions to President Donald Trump’s steel and aluminum tariffs if they can’t find metals domestically.
  • US businesses have filed more than 20,000 exemption requests, according to Commerce Secretary Wilbur Ross.
  • The Commerce Department has ruled on fewer than 100 of those requests.
  • According to a new report, the Commerce Department’s exemption process sounds chaotic and random.

US business are scrambling to save their businesses from President Donald Trump’s new steel and aluminum tariffs, but a huge backlog is leaving many of those companies in potential peril.

Under Section 232 of the Trade Expansion Act, the law the Trump administration is read more >>>

Source:: BusinessInsider.Com

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