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Commerce sends Trump long-awaited steel report

Commerce sends Trump long-awaited steel report
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The Commerce Department has sent President TrumpDonald John TrumpFlynn to campaign for Montana GOP Senate candidate Trump considering pardon for boxing legend after call from Sylvester Stallone Decline in EPA enforcement won't keep climate bill from coming MORE the long-awaited results of its investigation into the national security implications of steel imports.

Commerce Secretary Wilbur RossWilbur Louis RossSenate Finance leaders call on Commerce to improve the tariff-exclusion process Flurry of lawsuits filed over citizenship question on census Commerce bars U.S. companies from selling to ZTE MORE submitted the report Thursday night, which gives the president 90 days to decide whether to take any action on some steel importers.

With the investigation on his desk, Trump will have to determine whether to assess penalties under Section 232 of a 1962 trade law that gives the president the power to apply higher tariffs and quotas on imported steel for national security reasons.

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Last year, Trump told reporters that he may slap tariffs, quotas or a combination of both on countries he thinks are endangering the nation’s security as part of his campaign promise to better protect domestic steel producers.

After Trump makes a decision, the Commerce Department will publish a summary of the report in the Federal Register and make the report available to the public.

Senate Democratic Leader Chuck SchumerCharles (Chuck) Ellis SchumerThrowing some cold water on all of the Korean summit optimism House Republicans push Mulvaney, Trump to rescind Gateway funds Congress should build on the momentum from spending bill MORE (N.Y.), who called for the Trump administration to make the results public, said the long overdue report "is hardly enough to fulfill the promise to stick up for the American worker."

"President Trump promised to crack down on predatory trade practices from countries like China that massively subsidize their steel and aluminum products and hurt American workers, but there is zero evidence that he or his administration is following through on that promise in a meaningful way," he said. 

Sen. Sherrod BrownSherrod Campbell BrownTrump VA pick faces challenge to convince senators he’s ready for job Overnight Finance: Senate repeals auto-lending guidance, shattering precedent with vote | House passes IRS reform bills | Senate GOP fears tax cut sequel Dem Senator open to bid from the left in 2020 MORE (D-Ohio), who has for months been calling on the White House to take action, urged Trump to move swiftly.

"Now, the president must take strong actions that provide long-lasting relief aimed at China’s steel overcapacity," Brown said in a statement on Friday.

“We know the delay and uncertainty around this case have hurt American companies, and a swift decision is critical to U.S. jobs and our domestic steel industry," he said. 

World Trade Organization members have urged more transparency from the United States on the direction of the investigation while urging restraint in any decisions, noting the potential negative global trade implications. 

The Commerce Department launched its investigation in April.

In September, Ross said that the steel decision would wait until after the tax bill went through Congress.