Week in Review: Tariffs, Brexit and Excess Steel Capacity

• Sohrab Darabshaw weighs in on India’s approach to U.S. tariffs.
• What’s the latest with Brexit? Stuart Burns wraps up some of the recent developments in the ongoing divorce proceedings.
• In an age of technology like smartphones, productivity can often suffer.
• Excess global steel capacity continues to be a top priority for steel-producing nations, as demonstrated by the recent Global Forum on Steel Excess Capacity in Paris.
• The Brent crude benchmark has reached levels not seen since late 2014, leaving some to wonder how high the price can go this year.
• Global crude steel production in August was up 2.6% year over year, according to the World Steel Association’s monthly production report.
• As the U.S. and China have recently traded tariff shots, China released a white paper outlining its perspective on the trade conflict and citing its grievances with U.S. policy toward China.
• Over the last few months, complaints have mounted about the Department of Commerce’s Section 232 tariff exclusion request process (namely, that some thought it too confusing or too slow). As such, the Department of Commerce recently announced implementation of an updated rebuttal system it hopes will streamline the process.
• The automotive industry and how current — and potential future — tariffs are impacting it was the topic of the day during a Senate Finance Committee hearing earlier this week.

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