“The performances of even the best-scoring companies fall considerably short of society expectations in all six thematic areas,” the report stated, adding that all mining companies must improve their efforts to ensure company practices are efficiently managed.
Tariffs imposed under the Trump administration on steel and aluminum in 2018 represented a major shift in trade between the U.S. and the rest of the world, with impacts on imports and exports of metal at the forefront.
Meanwhile, although the U.S. and China recently reached a Phase One trade deal that saw the U.S. not go forward with a planned additional $160 billion in tariffs, tariffs on approximately $370 billion in Chinese goods remain in place.
The National Bureau of Economic Research recently released a report detailing the effects of recent U.S. tariffs. The report, “Who’s Paying for the US Tariffs? A Longer-Term Perspective,” is authored by Federal Reserve Bank of New York researcher Mary Amiti and professors David Weinstein of Columbia University and Stephen Redding of Princeton University.