*By Christian Smith* Pressure continues to mount on President Donald Trump to walk back his tariff policy, with Russia becoming the seventh World Trade Organization member to officially challenge the White House's duties on steel and aluminum. And while the organization will take up these cases, Politico trade reporter Megan Cassella said the process will likely take a long time to play out. "The WTO doesn't tend to do anything quickly," Cassella said in an interview on Cheddar Tuesday. Even if the WTO, an intergovernmental agency that overseas international trade, does eventually come to a conclusion, the U.S. could still avoid any repercussions. "Given the Trump administration's sort of disdain for the WTO and its legal rulings, it's also possible that, even if they do eventually come to a conclusion, Trump might just say, 'Well you know, that's it then, that's the end of the U.S. membership in the WTO'," Cassella noted. Russia's appeal filed last week cites "numerous violations of WTO rules by the United States in introducing this measure," said Russian Economic Development Minister Maksim Oreshkin in a [statement](https://www.rt.com/business/431256-russia-tariffs-us-good/). The 25 percent tax on foreign steel and 10 percent tax on foreign aluminum took effect June 1. The Trump administration justified the tariffs using the 1962 Trade Expansion Act, which grants the president the power to restrict imports to protect national security. But not everyone is buying into the White House's rationale. China, India, the European Union, Canada, Mexico, Norway, and now Russia have all filed complaints with the WTO. For the full segment, [click here.](https://cheddar.com/videos/russia-challenges-trumps-tariffs-in-wto)

Share:
More In Politics
2022 Predictions for Cannabis Industry
The U.S. cannabis industry is on track to hit almost $25 billion in sales, according to New Frontier Data. Vivien Azer, managing director and senior research analyst at Cowen, and Russell Stanley, managing director and equity research at Beacon Securities Limited, join Cheddar News to give their predictions for the budding industry in 2022.
Oregon Congressman Says 'Tidal Wave of Support' Behind Federal Cannabis Legalization
Rep. Earl Blumenauer (D-Ore. 3rd District), the co-chair of the Congressional Cannabis Caucus, joined Cheddar's "Cannabiz" to discuss the state of marijuana legalization on the federal level as more states continue to greenlight medical and adult use. He stated that there couldn't be a better time to revise the old policies on marijuana with more than 90 percent of Americans, including a majority of Republicans, on board. "This tidal wave of support continues. There were five states that approved in the last general election, and I think, rather than one single event, it is this momentum and the demonstration of broad public support that is making the difference," Blumenauer said.
Stocks Close Lower as Fed Meeting Looms
Megan Horneman, Director of Portfolio Strategy at Verdence Capital Advisors, joins Cheddar News' Closing Bell, where she says there is some profit-taking ahead of the upcoming Fed meeting, and elaborates on some of the topics investors will be watching for more closely this week.
Biden, Putin Chat as Russian Troops Mass on Ukraine Border
President Biden spoke with Russian President Vladimir Putin for the fourth time this year. Biden and Putin spoke for two hours about the massing of Russian troops and materials near the Russian border with Ukraine. Various outlets have reported that the U.S. has intelligence that Russia could be planning an invasion of Ukraine in the next few months. Both countries said the call was productive, but the situation remains tense. Hagar Chemali, foreign policy expert and host of "Oh My World!" on YouTube, joins Cheddar Politics to discuss.
What Hispanic Voters Are Looking for as Poll Shows Even Split Between Parties
A recent Wall Street Journal poll indicated that Hispanic voters are up for grabs for the upcoming midterm elections, with 41 percent of respondents saying they would vote for Democrats and 44 percent for Republicans. Bryanta "Bre" Maxwell, a Democratic Strategist, former political director for Jaime Harrison's senate campaign, and principal and CEO of Indigo Consulting, LLC, joined Cheddar to break down the numbers and to dive into what this specific electorate is looking for as the balance of power in Congress hangs in the balance in 2022.
Load More