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.
Category: Steel and Iron
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
What Oil Executives Want From President Trump
Tariffs, tax credits and deregulation are among the industry’s top priorities.
-
Trump Expands Trade Threats in Global Game of Chicken
Trade wars with allies could spiral as the president tries to get trading partners to back down from retaliation with new threats of his own.
-
Tariffs Add to Automaker Concerns About Higher Steel Costs
Even before the new levies took effect, the industry was worried about prices after President Trump opposed a major merger in the steel sector.