Steel, Trump and Aluminum
After steel and aluminium, US President Donald Trump has set his sights on slapping 25 percent tariffs on semiconductors, cars and pharmaceuticals.
D onald Trump’s trade officials are run off their feet. China was just the beginning. Since the start of February, the president has announced levies on global imports of aluminium and steel. Reciprocal tariffs,
U.S. President Donald Trump said on Friday he would not mind if Nippon Steel took a minority stake in U.S. Steel , but noted the Japanese company was considering purchases of U.S. Steel's debt.
Shares of United States Steel Corp. dropped as much as 1.9% after President Donald Trump said his tariffs are saving the company, while distancing himself from his offer to negotiate an investment by Japanese steelmaker Nippon Steel Corp.
Donald Trump’s threat to impose big tariffs on steel and aluminium is rippling across US industry, with companies ranging from manufacturers to oil and gas drillers facing increasing costs for the metals.
President Donald Trump's tariffs on steel imports this week are likely to wreak havoc on American auto manufacturing, industry leaders say
Japan made the request through its embassy in Washington after U.S. President Donald Trump removed the exceptions and exemptions from his 2018 tariffs on steel imports to a minimum of 25%, while hiking aluminum tariffs to 25% from 10%.
The Wall Street Journal on Monday warned how President Donald Trump looks doomed to repeat a “blunder” from his first term with his newly-signed executive orders that slap a 25% tariff on all aluminum and steel imports.
Days after a surprise announcement from President Donald Trump about a $14.9 billion deal, the companies involved have remained mum.
Donald Trump has doubled down when it comes to tariffs. This includes things like steel, aluminum and other goods from countries like Mexico, Canada, and China. He is doing this in an effort to fix inflation.
Even as Cleveland-Cliffs is reportedly preparing a fresh bid to buy U.S. Steel, partnering with Nucor, President Donald Trump suggested that, thanks to his new tariffs, U.S. Steel doesn't need to seek a buyer.
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