Amid President Trump’s announcement Thursday morning regarding the ongoing Section 301 investigation vis-a-vis Chinese trade practices, United States Trade Representative (USTR) Robert Lighthizer told the Senate Finance Committee that the European Union and several other trading partners would be granted temporary exemptions from the administration’s Section 232 steel and aluminum tariffs. Need buying strategies for […]
Category: Global Trade
Trump Signs Memo Paving the Way for Possible $60B in Tariffs on Chinese Imports
President Trump lobbed another salvo in the administration’s trade strategy, moving to sign an order that paves the way for tariffs on China potentially amounting to as much as $60 billion, he said Thursday, covering approximately 1,300 products, according to administration officials cited in media reports (the list has yet to be released). Need buying […]
This Morning in Metals: DOC Issues Final Affirmative Determination in Steel Wire Rod Case
This morning in metals news, the U.S. Department of Commerce issues a final affirmative determination in its anti-dumping and countervailing subsidy investigation of carbon and alloy steel wire rod from five countries, LME copper pushes away from a three-month low and the E.U. is hopeful it can win at least temporary exemptions from the U.S. […]
Department of Commerce Releases Section 232 Exclusion Process Details
The Department of Commerce released both the process and requirements for the submission of exclusions for the steel and aluminum Section 232 proclamations made public on March 8, 2018. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook As published in the Federal Register, the Secretary of Commerce has the authority to […]
U.S. in Talks with Countries Regarding Potential Tariffs Exemptions
U.S. Trade Representative (USTR) Robert Lighthizer, speaking before the House Ways and Means Committee Wednesday morning, addressed a wide range of issues regarding the Trump administration’s trade policy agenda, including steel and aluminum tariffs exemption negotiations with a number of countries. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook In the […]
This Morning in Metals: Tariffs Exemption Talks Continue
This morning in metals news, the U.S. is in talks with several nations regarding possible exemptions from its steel and aluminum tariffs, Shanghai copper hits a six-month low Wednesday and the U.S. drops a bargaining point in the ongoing North American Free Trade Agreement (NAFTA) renegotiation talks. Need buying strategies for steel? Try two free […]
U.S. Trade Associations Urge President Not to Impose Tariffs on China
In a letter from 45 U.S. trade associations sent to President Trump Sunday, the associations urged the president to avoid imposing tariffs on China because they would negatively impact the U.S. economy and consumers, according to a Reuters report. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook According to a Bloomberg […]
Tariffs Could Just be First Salvo in Readjustment of U.S. Trade Relationships
There were grand words from German Chancellor Angela Merkel and Chinese President Xi Jinping, the leaders of two of the world’s biggest trading economies, on a call Saturday ahead of a Group of 20 (G20) meeting of finance ministers and central bank governors in Buenos Aires, reported the Financial Times. Need buying strategies for steel? Try two […]
This Morning in Metals: U.S. Could Impose New Tariffs on China This Week
This morning in metals news, a report indicates the U.S. plans to impose new tariffs on China this week, the E.U. looks to pin the blame for global steel oversupply on China and the U.A.E. wants to gain an exemption from the U.S. tariffs on steel and aluminum. Need buying strategies for steel? Try two […]
It’s Back: Updated Section 232 Impact Report Includes New Aluminum, Steel Sections
A little over two weeks ago, the MetalMiner team released its Section 232 Investigation Impact Report in response to President Trump’s initial announcement regarding the intention to impose tariffs of 25% and 10% on steel and aluminum, respectively. Of course, time marches on and so, too, does the news. Since then, the announcement became […]
