This morning in metals news, a group of Tennessee manufacturers sent the president a letter urging him to rescind the Section 232 tariff on imported steel, the Trump administration has proposed a new rule for emissions standards that would undo Obama-era limits and copper hit a one-week high.
Manufacturers Ask Trump to Rescind Steel Tariff
A group of manufacturers in Tennessee have sent President Trump a letter asking him to remove the tariff on imported steel, The Tennessean reported.
According to the letter, the companies believe the tariff impacts their ability to compete with foreign companies.
“These employees and our businesses depend on access to competitively priced steel to fabricate our products and compete in a global marketplace,” the letter stated. “We cannot compete globally when the cost of our most important input has spiked and delivery times are extended.”
Trump Administration Proposes New Rule for Emissions Standards
The Trump administration Tuesday proposed a new rule governing emissions standards, which would undo Obama-era restrictions on carbon emissions, the Washington Post reported.
The Environmental Protection Agency (EPA) released a statement on what is being called the Affordable Clean Energy Rule.
Copper Bounces Back
Copper hit a one-week high Tuesday on the dollar’s losses and ahead of planned talks between the U.S. and China this week, Reuters reported.
LME copper jumped 1% Tuesday, Reuters reported, rising to $6,053 per ton.