As expected, U.S. President Donald Trump signed the United States-Mexico-Canada Agreement (USMCA) Implementation Act on Wednesday, moving the trilateral trade deal a step closer toward replacing the 1994 North American Free Trade Agreement (NAFTA). “And today, we’re finally ending the NAFTA nightmare and signing into law the brand-new U.S.-Mexico-Canada Agreement,” Trump said during the signing […]
Category: Global Trade
U.S., India to resolve hot-rolled carbon steel dispute
2020 may turn out to be a watershed year in Indo-U.S. relations. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Several announcements and developments on the bilateral trade front, plus a proposed visit by U.S. President Donald Trump in February, seem to indicate that might be […]
This Morning in Metals: U.S. international trade deficit hits $68.3B in December
This morning in metals news: the U.S. international trade deficit in goods increased in December compared with the previous month; U.S. steel prices have continued to increase; and imports of reinforcing bars from Turkey and Algeria skyrocketed in late 2019, according to Steel Import Monitoring and Analysis (SIMA) data. Looking for metal price forecasting and […]
Trump expands Section 232 tariffs on steel, aluminum derivatives
Late Friday, the Trump administration announced it would raise the Section 232 steel and aluminum tariffs, originally imposed in 2018, on imports of steel and aluminum derivatives. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! “The Secretary has informed me that domestic steel producers’ capacity utilization […]
This Morning in Metals: Copper prices slide amid coronavirus fears
This morning in metals news, copper prices have been sliding amid growing fears over the spread of the coronavirus in China, laminated steel manufactured by Tata Steel in the Netherlands has been exempted from U.S. tariffs and China’s Jingye is reportedly considering building a new metals recycling furnace in the U.K. Looking for metal price […]
This Morning in Metals: Tensions rise as Trump threatens E.U. with auto tariffs
This morning in metals news, U.S.-E.U. trade tensions are again at the forefront with President Donald Trump’s recent threats at the World Economic Forum in Davos, a Chinese firm has purchased British steel trader Stemcor and Brazil’s Vale is off to a slow start this year. Looking for metal price forecasting and data analysis in […]
National Bureau of Economic Research: U.S. importers, consumers foot the bill for U.S. tariffs
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. […]
Q&A: Raistone Capital on Section 301 tariffs, refund process
Editor’s Note: MetalMiner has recently partnered with Raistone Capital to help manufacturing organizations claim and quickly obtain access to cash refunds for Section 301 tariffs paid on products that are on the exclusion list. Tariff refunds help buying organizations add actual dollars to their bottom line. Tariff exclusions are published in the Federal Register (there […]
This Morning in Metals: U.S. to appeal WTO panel decision in Indian steel dispute
This morning in metals news, the U.S. plans to appeal a World Trade Organization (WTO) compliance panel ruling related to its steel dispute with India, China’s crude steel production again hit a record high in 2019 and General Motors announced plans to invest $40 million at its Spring Hill Global Propulsion Systems plant in Tennessee. […]
After lengthy House approval process, Senate swiftly approves USMCA
The successor to the 1994 North American Free Trade Agreement, dubbed the United States-Mexico-Canada Agreement (USMCA), has now made its way through both chambers of the U.S. Congress. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! In December, the White House and House Democrats reached a […]
