Despite an exemption from 50 percent tariffs, Britain still has to pay a 25 percent duty because its trade deal with the United States has yet to be put in place.
Category: Steel and Iron
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Trump Doubles Steel and Aluminum Tariffs
The president ratcheted up the rate on foreign metals to 50 percent, saying the former levies weren’t high enough to help the U.S. industry.
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As Courts Call Tariffs Into Question, Trump Again Turns to His Favorite Tool
The president is set to raise tariffs on steel and aluminum this week, even as the courts are challenging the legitimacy of other levies.
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Is Nippon Steel Finally About to Land U.S. Steel?
A planned merger of the Japanese and American giants, announced in 2023, has traveled through an election, two presidents and strong union opposition.
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Minnesota Iron Miners Lost Their Jobs, But Not Their Faith in Trump’s Tariffs
With demand for steel down and a trade war underway, miners in the Iron Range of Minnesota are feeling the hit. But they hope better times are ahead.
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With US Trade Deal, UK Steel Industry Feels Some Much Needed Relief
The agreement to lift the 25 percent duty on steel exported to the United States provided some relief for struggling businesses, but uncertainties for the industry remain.
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5 Takeaways From the U.S.-U.K. Trade Agreement
The deal still has to be finalized, but it was hailed as a success by both countries for being the first since President Trump announced broad tariffs in April.
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Exxon and Chevron Report Lower Profits While Girding for Tariffs
President Trump’s trade policies have helped to push down oil prices while raising the costs of materials for oil and gas companies.
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British Government Takes Control of Country’s Last Major Steel Mill
London says it acted to prevent the plant’s Chinese owners from closing the plant, threatening jobs and national security.
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What to Know About Who Pays the Higher Costs of Trump’s Tariffs
President Trump’s trade policies will make imports more expensive and calculating and paying the tariffs more complicated.
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Hyundai to Invest $21 Billion in US in Bid to Avoid Trump’s Tariffs
Hyundai already makes cars in the United States, in Georgia and Alabama.
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Trump’s Tariffs Could Deal a Blow to Boeing and the Aerospace Industry
Aerospace companies are big exporters but also very reliant on a global supply chain, making them vulnerable.