US President Donald Trump announced a series of new tariffs targeting 180 countries and regions around the world, as part of what he described as measures to protect the US economy and hold accountable countries that treat the United States unfairly. Trump said, “We’re going to take the total rate of all tariffs for each […]
Trump Announces New US Tariffs, Including 180 Countries and Regions Read More »
With a 255,000-sqm dedicated to on-site renewable energy and the most modern, Danieli-patented technologies, the new MIDA Hybrid QLP-DUE minimill of Pacific Steel Group – PSG will be the most advanced manufacturing and recycling facility for long products in the world. It will ecologically produce 380,000 shtpy of straight and spooled rebar for infrastructure and
Danieli and Pacific Steel Group Collaborate to Produce Rebar Using Solar Energy Read More »
According to final census data from the US Department of Commerce, US imports of standard pipe totaled 61,233 mt in January this year, down 33.8% from December and up 16.8% year on year. By value, standard pipe imports totaled $73.2 million in January, compared to $94.6 million in December and $68.9 million in January last
US standard pipe imports down 33.8% in January 2025 Read More »
According to preliminary data released by the US Department of Commerce, US imports of rebar totaled 166,058 mt in January this year, up 191.1% month on month and up 310.5% year on year. By value, rebar imports totaled $105.2 million in January this year, compared to $39.5 million in December and $26.8 million in January
US Rebar Imports Rise in January 2025 Read More »
India is moving to join the wave of protectionist measures in the steel sector, preparing plans to impose import tariffs one week after US President Donald Trump’s decision to impose 25% tariffs on steel and aluminum imports. The Indian Ministry of Commerce has proposed a 12% duty on a wide range of imported steel products,
India joins the trade war, moves to impose tariffs on steel imports Read More »
The American Chamber of Commerce to the European Union warned on Monday that the tariff war between the United States and Europe is threatening $9.5 trillion in annual transatlantic business. The chamber, which has more than 160 members including Apple, ExxonMobil, and Visa, highlighted in its annual Transatlantic Economic Report a close trade relationship that
US-EU Tariff War Threatens $9.5 Trillion in Business Read More »
The CEOs of the three largest American steelmakers are urging US President Donald Trump to resist giving any tariff exemptions on steel imports. Nine US steel industry executives sent a letter to Trump on March 7, just days before the US is expected to implement a 25% tariff on all steel imports. The letter said
US Steel CEOs Oppose Tariff exemptions Read More »
Japan expressed “regret” over not being exempted from US President Donald Trump’s steel and aluminum tariffs, which took effect today. Japanese Chief Cabinet Secretary Yoshimasa Hayashi said on Wednesday that “the failure to exempt Japan from the additional tariffs is regrettable.” He warned that the move “threatens to have a significant impact on the economic
Japan warns of Trump tariffs’ impact on US relationship Read More »
China announced on Wednesday that it will take “all necessary measures” to protect its interests in response to the US’s 25% tariffs on steel and aluminum imports. “The US measures seriously violate World Trade Organization rules and seriously undermine the rules-based multilateral trading system,” Chinese Foreign Ministry spokeswoman Mao Ning said when asked about the
China vows to respond to US steel tariffs Read More »
Australian Prime Minister Anthony Albanese said Wednesday, after failing to secure an exemption from the US tariffs on his country’s steel and aluminum exports, that the tariffs, which just took effect, are “completely unjustified.” After the White House dashed Australia’s hopes that its steel and aluminum exports to the United States would receive an exemption
Australian Prime Minister: US tariffs on Australian steel are “completely unjustified” Read More »
US President Donald Trump’s 25% tariffs on steel and aluminum imports took effect on Wednesday, prompting retaliation from the European Union. The White House confirmed the tariffs, which will affect Canada, Australia, the European Union, and other countries, late Tuesday, but Trump clarified that he no longer plans to raise tariffs on metals imported from
US steel and aluminum tariffs take effect, Europe responds Read More »
US President Donald Trump has doubled his planned tariffs on all Canadian steel and aluminum imports to 50%, in retaliation for Ontario’s 25% tariff on electricity exports to the United States. Trump said in a post on Truth Social that he had instructed his Commerce Secretary to impose an additional 25% tariff on the products,
US Doubles Steel and Aluminum Tariffs on Canada to 50% Read More »
In a move that sparked widespread controversy on the international scene, US President Donald Trump signed an executive order on January 20, 2025, ordering the United States to withdraw from the Paris Climate Agreement. This is not the first time the United States has withdrawn from the agreement, as it previously withdrew during Trump’s first
Mexican Economy Minister Marcelo Ebrard confirmed during press statements on Friday that his country seeks to reach a new agreement with the United States regarding the steel and aluminum sectors, noting the importance of enhancing trade cooperation between the two countries to resolve outstanding issues in this area. Ebrard explained that meetings will be held
Mexico moves to resolve steel and aluminum crisis with the United States Read More »
Brazil, the second-largest steel exporter to the United States, said it has begun talks with the administration of US President Donald Trump in response to the steel tariff hikes set to take effect on March 12. Trade relations between Brazil and Washington are tense as the US president plans to impose a 25% tariff on
Brazil begins talks with Trump administration over steel tariffs Read More »
New US tariffs on steel are expected to disrupt a massive supply chain, worth billions of dollars, that relied on rerouting Chinese steel to the United States via intermediary countries. This will increase competition in the global market and could undermine a key source of revenue for China’s struggling steel sector. Due to trade restrictions
New US tariffs increase pressure on China’s steel exports Read More »
Iron ore futures fell, heading for a monthly loss, pressured by concerns over U.S. tariffs that are fueling trade tensions against Chinese steel exports. Iron ore futures for April delivery on the Singapore Exchange fell 1.45% to $102.85 a tonne, extending their monthly losses to more than 0.6% so far. The U.S. president confirmed in
Iron ore prices set to fall as trade tensions escalate Read More »
French authorities announced on Monday evening that European industry ministers will hold an extraordinary meeting in Paris on Thursday to discuss ways to “ensure the continuity” of steel production in Europe after the United States imposed heavy tariffs on its steel imports. The European steel industry, which employs more than 300,000 people, is concerned after
The European Union estimates that the first wave of U.S. tariffs on steel and aluminum will hit up to €28 billion ($28.3 billion) worth of exports from the bloc, marking a major escalation in U.S. President Donald Trump’s trade war. The amount of goods would be roughly four times larger than the last time Trump
EU: First wave of Trump tariffs to hit €28 billion worth of steel, aluminum exports Read More »
The US oil and gas industry has never been immune to trade policy decisions, but it is currently facing a tough test with the imposition of new tariffs on steel imports. US President Donald Trump announced a 25% tariff on steel imports, the decision included the cancellation of exemptions that mitigated the impact of previous
The British government has announced plans worth billions of pounds to support the country’s steel industry and ensure its sustainability. The British “PA Media” agency reported that a review has been launched to examine long-term issues facing this sector, such as high electricity costs, unfair trade practices, and recycling scrap metal. In light of US
To counter Trump’s tariffs, Britain allocates $3 billion to support the steel industry Read More »
The China Iron and Steel Association said in a statement on Friday that the US move to impose additional tariffs on steel imports violates multilateral trade rules. The association explained that steel is a basic industrial material, and trade protectionism in this sector will undermine the interests of the United States. It added that the
CISA : US tariff hike on steel imports violates multilateral trade rules Read More »
Brazilian President Luiz Inacio Lula da Silva vowed on Friday to “reciprocate” in response to the 25 percent tariffs on steel imports that US President Donald Trump signed an executive order on Thursday. “There is no doubt that there will be reciprocity” from Brazil, the second-largest steel exporter to the United States after Canada, Lula
Brazil’s Lula vows to retaliate over US steel tariffs Read More »
The European Union member states on Wednesday affirmed their unity and determination to defend the European steel and aluminium sector, after US President Donald Trump announced new tariffs imposed by the United States. The issue was discussed during a meeting of foreign trade ministers from the 27-nation bloc, according to Polish Minister Krzysztof Pasek, whose
EU countries affirm unity in face of US tariffs Read More »
Japan asked the United States on Wednesday to exempt it from tariffs imposed by President Donald Trump on steel and aluminum exports, a Tokyo government spokesman said. Trump signed an executive order imposing 25 percent tariffs on steel and aluminum imports starting March 12, sparking angry reactions internationally including from Canada, Mexico and the European
Japan asks for exemption from US steel, aluminum tariffs Read More »
The new 25% tariffs imposed by US President Donald Trump on all steel and aluminum imports are raising concerns and anxiety among steel exporters around the world, especially Egypt, as the US market is the sixth largest market for Egyptian steel exports by the end of 2024. Despite the importance of the US market to
US steel tariffs raise concerns for steel exporters in Egypt Read More »
US President Donald Trump has agreed to consider exempting Australia from steel and aluminium tariffs in light of the country’s trade surplus with the United States, following a phone call with Prime Minister Anthony Albanese. Trump sharply raised tariffs on steel and aluminium imports on Monday, eliminating exemptions and quotas for major suppliers. His decision
Trump considers exempting Australia from steel tariffs Read More »
The European Union and Canada have strongly condemned US President Donald Trump’s decision to impose tariffs on steel and aluminum, in a new phase of the trade war he has launched since taking office. In contrast to these firm responses, Seoul announced its intention to “protect” the interests of local companies, while Britain confirmed that
EU, Canada denounce Trump’s decision to impose tariffs on steel and aluminum Read More »
US President Donald Trump has ordered a 25% tariff on steel and aluminum imports, stepping up his efforts to protect key US industries. The tariffs will apply to all steel and aluminum imports from the US, including from Canada and Mexico, the country’s biggest suppliers of the metals. While the new duties will cover finished
Trump imposes 25% tariffs on steel, aluminum imports Read More »
US President Donald Trump said he will impose additional customs duties of 25% on his country’s imports of steel and aluminum from all countries of the world. Trump said in press statements aboard the presidential helicopter yesterday, Sunday, that the new duties will be applied in addition to the existing tariff on metal imports, according
Trump intends to impose 25% tariffs on steel and aluminum imports Read More »