Breaking News

JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana

After Supreme Court Tariff Ruling, USTR Greer Signals Continuity for Trade Policy

104855_1771668640_small.jpg
US 21 Feb 2026 03:40 PM IST NDTV

 The US steel and metals trade is bracing for a legal pivot after the US Supreme Court curtailed the White House’s ability to levy broad tariffs under emergency economic powers. US Trade Representative Jamieson Greer said the administration’s trade agenda will continue, even if the “tools” change.

Greer indicated the USTR will lean more heavily on Section 301 investigations into alleged unfair trade practices—opening the door to targeted retaliatory duties where negotiations don’t deliver. He also stressed that existing national-security tariffs under Section 232, including measures covering steel and aluminium, remain in force.

To bridge the gap after the ruling, the administration has also moved to a temporary 10% global import tariff using Section 122 of the Trade Act of 1974, aimed at maintaining leverage while longer investigations run.For steel buyers and traders, the message is continuity with a different rulebook: compliance pathways, product classifications, and country exposure could matter as much as headline tariff rates, with fresh volatility possible around probe timelines and exemptions.