On May 1, 2018, tariffs imposed on steel and aluminum imports under Section 232 of the Trade Expansion Act of 1962 will go into full effect, unless the Trump Administration announces an extension to exemptions for a handful of countries. South Korea successfully negotiated a permanent exemption from the steel tariffs during the U.S.–Korea Free Trade Agreement renegotiation by accepting a quota, but remains subject to the aluminum tariffs. The Administration has not announced exemption agreements with any other countries at this time.
The Kolbe-Stenholm proposal represents a very positive step towardserious Social Security reform. It would be fiscally responsibleand would make many of the hard decisions that will be necessary toprevent Social Security's impending insolvency.