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To: Keith J who wrote (118669)	1/12/2018 2:11:54 PM
From: Investor Clouseau	Respond to of 118717

this is from politico this morning. should make for an interesting 90 days of trading imho. COMMERCE SENDS SECTION 232 STEEL REPORT TO TRUMP: The Commerce Department sent the results of its long-awaited national security investigation into steel imports to the White House on Thursday evening, setting the stage for President Donald Trump to make a decision on whether to impose quotas or tariffs within the next 90 days. "The White House has received the report from Commerce," White House deputy press secretary Lindsay Walters said. "The president has 90 days to make his decision and we will announce that decision at the appropriate time." Back in June, Commerce Secretary Wilbur Ross said there were basically three options for restricting imports if the department finds a national security threat: tariffs, quotas or a combination of both known as a tariff-rate quota. Neither the White House nor the Commerce Department confirmed that the report found a national security threat, but the fact that the investigation has now entered a presidential decision phase seems to suggest that it did. Under the relevant statute, Section 232 of the 1962 Trade Expansion Act, the president is required to make a decision within 90 days only if "the secretary finds that an article is being imported into the United States in such quantities or under such circumstances as to threaten to impair the national security." The U.S. steel industry welcomed the move and said it anxiously awaits Trump's decision. "We are confident that we have made the case that the repeated surges in steel imports in recent years threaten to impair our national security and we look forward to the president’s decision on the appropriate actions to address this critical situation," American Iron and Steel Institute President Tom Gibson said in a statement to Morning Trade.