The U.S. tariffs, that are currently exempted, on EU’s exports of aluminum and steel to the U.S., are set to end on June 1. On Monday, Peter Altmaier, Germany’s Economy Minister disclosed Germany aims to end a trade dispute between… Read More ›
steel
Beijing imposes additional tariffs on U.S. exports
Beijing move will impact $3 billion U.S. exports to China. China’s finance ministry stated, Beijing has imposed additional tariffs of up to 25% on 128 U.S. products including including certain nuts, wine and frozen pork, in response to U.S. duties… Read More ›
Chinese steel industry to cooperate with EU probe on imported steel
Faced with two fronts, the China’s steel industry perhaps could be persuaded to adequately alter its production and trading policy. The imposition of EU tariffs on Chinese steel could complicate matters if not significantly alter the face of the industry…. Read More ›
Trump Administration excludes strategic allies from higher import tariffs on aluminum and steel
The exemption, albeit temporary, will be further reviewed on May 1 2018. In a strategically significant development with widespread repercussions, U.S. President Donald Trump has excluded, albeit temporarily, 6 countries, including the European Union, Canada and Mexico, from stiff U.S…. Read More ›
U.S. Administration aiming to slash China trade surplus by $100 billion
It is to be seen how the Trump Administration will go about achieving its goal of balancing trade between the two economies. Although a spokeswoman clarified on Trump’s tweet to even out this trade surplus, a lot more clarity will… Read More ›
Lobbyists, business groups and farmers urge Republican lawmakers to vote against higher import tariffs on steel and aluminum
Although the reasons why the U.S. Administration is pushing for higher import duties on steel and aluminum may be justified, it will have to time the imposition of tariffs since trade wars and higher import tariffs don’t gel well in… Read More ›
Businesses will be able to avail of lower import tariffs
Peter Navarro, director of the White House National Trade Council, has clarified that the Trump Administration’s imposition of stiff trade tariffs will include exceptions for businesses for lower import tariffs on aluminum and steel. A top trade adviser to U.S…. Read More ›
Aluminum premiums hit 3 year high
While there are a number of reasons why the price of aluminum in the U.S. has shot up so dramatically, if the hefty premiums paid by buyers are an indication of the strong underlying strength of the demand, in most… Read More ›
Imposition of stiff import duties on aluminum and steel would significantly raise prices of U.S cars and trucks: Toyota Motor Corp
U.S. tariffs on imported aluminum will not only see a cost increase ripple through supply chains of carmakers but also risks retaliation from major partners. On Friday, Japan’s Toyota Motor Corp stated the imposition of stiff tariffs on imported aluminum… Read More ›
European Commission launches anti-subsidy probe against Chinese exporters
China’s strategy of excessive production and dumping what it cannot domestically consume on its trade partners has widespread ramifications for domestic producers; already being probed by the United States, the investigation by the European Commission is the latest scrutiny of… Read More ›
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