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Cato Podcast

Trump’s "Flimsy" Steel Tariffs Challenged

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 28 August 2019

⏱️ 13 minutes

🧾️ Download transcript

Summary

A case in federal court challenge the Trump Administration over steel tariffs. Cato's Simon Lester and Will Yeatman comment.

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Transcript

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0:00.0

This is the Cato Daily Podcast for Wednesday, August 28th, 2019.

0:06.1

I'm Caleb Brown.

0:07.3

It's fair to describe the President's rationale for national security tariffs on steel

0:12.1

as flimsy.

0:13.7

A new case in federal court is challenging the President's national security claims in support

0:18.0

of those tariffs, American Institute for International Steel v United States.

0:23.4

Cato has filed a brief in support of the petitioners.

0:26.2

I spoke with Cato's Will Yeateman and Simon Lester

0:28.6

about the case last week.

0:30.0

I feel like a broken record every time I point out that the president has made use of his authorities

0:37.7

with regard to trade, the authorities that have been delegated to him by Congress over many years. He has used them in ways that Congress

0:47.6

until very recently never foresaw. Yeah, that's right. I mean the Constitution as many of us know and for anyone who doesn't I'll point it out gives explicit power over tariffs and regulating foreign commerce to Congress, but after Congress sort of and

1:03.0

to Congress, but after Congress sort of botched its use of that power in 1933, a lot of that power in 1933,

1:10.0

a lot of that power was delegated to the president and so over the past you know few

1:14.7

decades we've grown up in this world where the president had great authority over

1:18.8

trade and generally was out there trying to to to liberal trades, negotiate tariff lowering agreements with other countries.

1:26.2

But now we have President Trump coming to power. You know, you can talk about how

1:30.5

politicians are inconsistent about positions and I'm sure there's somewhere Trump has flip-flopped but on

1:36.7

trade for decades he's been a consistent protectionist and there may have been some debate as to exactly how he would

1:45.2

implement that how he would apply that as president but he's pretty much

1:48.3

followed through and he's taken all this power that was delegated to him and

1:52.0

looked through all the statutes, you know, with help

...

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