Section 232 Tariffs

Section 232 Tariffs are trade tariffs imposed by the U.S. government under a specific law that allows for tariffs on imported goods deemed a threat to national security. This policy is often applied to industries like steel and aluminum to protect domestic producers from foreign competition. The idea is to boost local manufacturing and ensure the country can produce essential materials on its own. Critics argue that such tariffs can lead to higher prices for consumers and retaliatory measures from other countries.