Trump strikes tariff deal with Japan
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Steel producers like Cleveland Cliffs and Steel Dynamics both said this week that they raised prices after President Trump imposed a 50 percent tariff on imports.
Top American steel producers are charging more for their products due to tariffs, which economists say is a natural effect that squeezes buyers and that Canada should avoid.
The price hike is hitting U.S. manufacturers and contractors that rely on steel components.
This is the lowest figure ever negotiated by a country that has a trade surplus with the United States,' says Japanese premier after 15% tariff deal with Washington - Anadolu Ajansı
A slew of countries will face steep levies, including a 50% tariff on imports from Brazil and a 30% tariff on the European Union.
Japan and the United States agreed to keep the current 50% tariff on steel and aluminium as part of the bilateral trade deal, Japanese public broadcaster NHK reported on Wednesday.
European Union countries have expressed broad support for one round of 30% retaliatory tariffs if the United States does not reach a trade deal with the EU.
Downing Street would not say whether the Government was confident that a deal to eliminate American tariffs on UK steel would be struck as Donald Trump’s deadline looms. The US president has said he plans to start implementing tariffs on the US’s trade ...
Top U.S. steelmakers' second-quarter fortunes are likely to be a mixed bag, caught between a fillip from higher steel prices and uneven demand amid uncertainty over U.S. President Donald Trump's tariffs.
US tariffs on steel and aluminum doubled to 50% as of 12:01 am ET on Wednesday, a move cheered by the beleaguered US steel industry but decried by heavy users of the metals, from car makers to can ...
Steel Dynamics navigates short-term challenges with tariff support, a strong backlog, and share buybacks, offering 11% return potential. See more on STLD here.