U.S. Treasury Secretary You would think that U.S. Treasury Secretary Steven Mnuchin’s announcement last week of a “framework” deal that would see Beijing increase its purchase of U.S. goods and services and commit to reducing the U.S.’s $337 billion annual trade deficit with China would have been met with universal acclaim. Need buying strategies for […]
Category: Global Trade
This Morning in Metals: India Files Steel Tariff Complaint at WTO
This morning in metals news, India went to the World Trade Organization (WTO) to file a complaint over the U.S.’s steel tariff, President Trump is reportedly considering a 10% cut in imports of steel and aluminum from the E.U., and the copper falls after optimism fades vis-a-vis U.S.-China trade relations. Need buying strategies for steel? […]
Section 232 and 301, Metal Price Outlooks and More — Webinar June 6
The U.S. Section 232 and 301 probes have made significant waves in global markets this year. In March, the U.S. imposed tariffs on steel and aluminum of 25% and 10%, respectively, as part of the Section 232 probe. Last year, the U.S. launched a Section 301 probe investigating Chinese trade practices, with particular focus on […]
This Morning in Metals: E.U. Expresses Pessimism About Section 232 Exemption
This morning in metals news, the E.U. is reportedly getting ready for the U.S. Section 232 tariffs to go into effect, U.S. raw steel production was up last week and Rio Tinto asked the Mongolian government to fulfill contract stipulations related to the firm’s copper mining project in the country. Need buying strategies for steel? […]
Are the Balkans the Next Big Thing?
Does your company strategy call for a European manufacturing base but you worry you have missed the boat in terms of accessing lower-cost opportunities created when eastern European countries like Poland and the Czech Republic came into the E.U.? Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Lower land and labour […]
This Morning in Metals: U.S, China Reach Truce on Trade … For Now
This morning in metals news, U.S.-China trade talks have led to a tenuous truce, Nippon Steel says strong demand is easing the blow of the U.S.’s steel tariff, and shares of US Steel and AK Steel dropped on the heels of the latest developments in the U.S.-China trade talks. Need buying strategies for steel? Try […]
Week in Review: China MES, Indian Growth and a New Elysis JV
Before we head into the weekend, let’s take a look back at the week that was with some of the stories here on MetalMiner: Need buying strategies for steel? Try two free months of MetalMiner’s Outlook In case you missed it, we updated our China MES microsite this week, covering the status of China’s quest […]
Is the Global Trading System a Bust? (Part 2)
(Editor’s Note: This is the second of two parts delving into the complexity of the modern global trading system. In case you missed it, read Part 1 here.) The results of trade agreements with South Korea and other nations have been similarly lopsided; America’s trade-in-goods deficit with the world is now approximately 4% of GDP. […]
This Morning in Metals: Japan Considers Retaliation Over Section 232 Tariffs
This morning in metals news, Japan is considering retaliation over the U.S.’s Section 232 metals tariffs, copper gains slowed in the face of a strengthening U.S. dollar, and South Korea initiated a complaint at the World Trade Organization (WTO) over the U.S. duties on solar cells and washing machines. Need buying strategies for steel? Try […]
Is the Global Trading System a Bust? (Part 1)
(Editor’s Note: This is the first of two posts addressing the global trading system. Check back tomorrow for Part 2.) — The Economist asked the question in a debate that has been running over the last few weeks, stimulated in part by President Trump’s unprecedented actions on tariffs and quotas aimed at perceived cheaters of the global trading […]