This morning in metals news, the crossfire of tariffs and counter-tariffs between the U.S. and trading partners around the world has put the World Trade Organization in a difficult spot, President Donald Trump backed a boycott of Harley-Davidson on Sunday and LME copper drops amid the recent uptick in tensions between the U.S. and Turkey. […]
Tag: tariffs
This Morning in Metals: China Responds to U.S. with $16B in Tariffs
This morning in metals news, China responds to the U.S.’s $16 billion in tariffs with the same amount in return, China’s additional announced $60 billion tariff threat could have a significant impact on the liquefied natural gas sector and copper traded flat yesterday. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook […]
This Morning in Metals: USTR Moves Forward With $16B in Tariffs
This morning in metals news, the Office of the United States Trade Representative announced it will move forward with $16 billion in tariffs on Chinese imports (out of an initially announced total of $50 billion in tariffs), Chile posted solid copper exports in July and U.S. raw steel production data is in for the week […]
Rare Earths MMI: Rare Earths Appear on Trump Administration’s Proposed $200B Tariff List
The Rare Earths Monthly Metals Index (MMI) fell one point for an August reading of 18. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Rare Earths and Trade Tensions Much has been said about the rise of trade tensions around the world, particularly between the U.S. and China. Those tensions began to manifest […]
This Morning in Metals: 71% of Business Owners Support Additional China Tariffs, Poll Says
This morning in metals news, a recent poll indicates broad support within the U.S. business community for new tariffs on China, Novelis reported its quarterly earnings and Alcoa seeks an exemption from the Trump administration’s aluminum tariff. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Support for Tariffs Much has been said about […]
The Threat of a Trade War to the Global Economy
Many had hoped the announcement last month of 10% tariffs on China would be the signal for serious negotiations between the two trading partners, that China may come to the table and be willing to discuss some of the U.S.’s genuine concerns about theft of intellectual property and reciprocal access rights to each other’s markets. […]
This Morning in Metals: U.S. Steel Reports Q2 Earnings
This morning in metals news, U.S. Steel reported its Q2 earnings, Century Aluminum also posted its Q2 earnings and China is preparing $60 billion in retaliatory tariffs against the U.S. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Steel Posts Strong Q2, But Stock Drops U.S. Steel reported better-than-expected Q2 […]
This Morning in Metals: USTR to Consider Tariff Rate Bump on $200B China Import List
This morning in metals, United States Trade Representative Robert Lighthizer released a statement regarding the news of a potential increase in the tariff rate on the previously proposed list of $200 billion worth in Chinese goods, China responds and Secretary of Commerce downplays the potential impact of the tariffs. Need buying strategies for steel? Try […]
This Morning in Metals: Chinese City Prepares Steel Output Cuts
This morning in metals news, a Chinese city in Jiangsu province plans to enforce steel and chemical output cuts, U.S. companies requesting exclusions from the Section 232 steel tariff are feeling the heat and countries around the world are meeting to discuss a potential response should the U.S. impose automotive tariffs. Need buying strategies for […]
This Morning in Metals: Lighthizer Says Canada is National Security Threat in Steel
This morning in metals, U.S. Trade Representative (USTR) Robert Lighthizer said Canada is a national security threat with respect to steel, the U.S. posted 4.1% GDP growth in Q2 and The Coca-Cola Company says it is raising prices on account of the Trump administration’s 10% aluminum tariff. Need buying strategies for steel? Try two free […]
