Sentences with phrase «states steel imports»

The reports found that United States steel imports were nearly four times our exports, and that aluminum imports had risen to 90 % of total demand for primary aluminum.

Not exact matches

Separately, Japan's top government spokesman said on Friday that Japan would continue to ask the United States to exempt it from Washington's plan to impose tariffs on imports of steel and aluminium.

China's steel and metals associations urged the government to retaliate against the United States, citing imports ranging from stainless steel to coal, agricultural products and electronics.

Japan also said on Friday that Japan would continue to ask the United States to exempt it from Washington's plan to impose tariffs on imports of steel and aluminium.

Two influential Republican senators from energy states said on Friday they were surprised by how quickly President Donald Trump imposed tariffs on steel and aluminum imports.

The anti-protectionism comments come as market sentiment sours with signs of a looming trade war between the United States, China and Europe over U.S. President Donald Trump's plans to raise tariffs on steel and aluminium imports, and possibly up to $ 60 billion worth of Chinese imports, targeting technology and telecommunications sectors.

BRASILIA / SAO PAULO, May 2 - Brazil on Wednesday contradicted a United States announcement that the two countries had reached a deal on a permanent exemption from steel and aluminum import tariffs, saying the Trump administration had unilaterally cut off talks.

Ministers from the United States, Canada, and Mexico meet on Monday to wrap up the latest round of NAFTA talks under the shadow of U.S. President Donald Trump's proposed steep tariffs on steel and aluminum imports.

Washington's move to probe steel imports could trigger a trade dispute between the United States and its major trading partners, who are likely to take retaliatory steps, the official China Daily said in an editorial on Monday.

If you ask the CEO of Nucor, the largest steel producer in the United States, he'll tell you that President Donald Trump's plans to put tariffs on steel and aluminum imports are fair game.

Chairman, CEO and president of Nucor John Ferriola and U.S. Steel CEO Dave Burritt flank U.S. President Donald Trump as he announces that the United States will impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum during a meeting at the White House in Washington, U.S., March 1, Steel CEO Dave Burritt flank U.S. President Donald Trump as he announces that the United States will impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum during a meeting at the White House in Washington, U.S., March 1, steel imports and 10 percent on imported aluminum during a meeting at the White House in Washington, U.S., March 1, 2018.

FILE PHOTO: U.S. President Donald Trump announces that the United States will impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum during a meeting at the White House in Washington, U.S., March 1, 2018.

Brazil, Canada, Germany, Mexico and South Korea were the largest suppliers of steel to the United States in 2017, while Canada, Russia and the United Arab Emirates shipped the largest share of aluminum imports in 2016.

The United States said it would delay until June 1 import tariffs of 25 percent on steel and 10 percent on aluminum for the EU, Mexico and Canada.

President Trump has exempted the two nations from 25 % import duties on steel and 10 % duties on aluminum, and has further left the door open to any nations with which the United States has a «security relationship».

Countries such as China that don't have exemptions will face a 25 percent tariff on steel imports to the United States.

Torsten Sløk of Deutsche Bank shares the chart of how Trump's steel and aluminum tariffs, and notes that «when prices of imported steel and aluminum increase it will hurt states that are big importers of steel and aluminum» (For more discussion see here and here).

The recent imposition of tariffs on imported steel and aluminum has put racking, mounting and tracking systems suppliers who manufacture in the United States under pressure, but there are a number of company - specific concerns as well.

WASHINGTON — China is the main target of possible tough new United States trade measures against low - priced imports of steel and aluminum.

United States industries that consume steel and aluminum harshly criticized President Donald Trump's decision yesterday to impose new tariffs on steel and aluminum imports.

More recently, the CBOE Volatility Index (VIX), or «fear gauge,» has surged on the departures of Gary Cohn as chief economic advisor and Rex Tillerson as secretary of state, as well as the application of tariffs on steel and aluminum imports.

«These tariffs will damage downstream US steel and aluminum consuming companies, as the US will become an island of high steel prices that will result in our customers simply sourcing our products from our overseas competitors and importing them into the United States tariff - free.

They accuse Chinese steelmakers of harming their industry by flooding the United States with cheap steel imports.

As a result, in the short term the state would not be expected to experience a strong positive or negative direct impact of the US - imposed or proposed tariffs on imported aluminum and steel and other items — though individual companies and projects may be strongly affected.

The letter warns that placing Section 232 restrictions on basic steel imports will «adversely impact national security, the economy and the steel industry itself because it will undermine [United States steel using manufacturers»] competitiveness and our ability to make value - added products here.»

The effect of the China tariffs would be larger and more concentrated than the steel and aluminum measures and would have a bigger impact on United States consumers, who are heavy purchasers of electronics, clothing and other Chinese imports.

United States steel producers and consumers, not to mention international trade wonks, have been waiting with bated breath for the release of the Commerce Department's report on its Section 232 investigation of steel imports.

The announcement comes hard on the heels of Mr. Trump's tariffs on steel and aluminum imports, which are scheduled to go into effect on Friday and are aimed at combating a flood of cheap metals into the United States, including Chinese steel.

As far as steel goes, China is the eleventh largest exporter to the United States, generally accounting for less than three percent of steel imports over the last few years.

Moreover, because these new proposed measures target imports from all countries that supply steel or aluminum to the US market, several or perhaps even all those countries may seek to initiate proceedings against the United States at the World Trade Organization (WTO), which enforces the GATT.

These Section 232 across - the - board tariffs and quotas would also be in addition to the existing trade remedies that the United States already imposes on certain imports of steel and aluminum products from China and other countries to address alleged trade abuses.

While the stated objective of this trade policy is to «level the playing field» for American manufacturers — and many trade experts believe cheap imports have hurt the domestic steel industry — tariffs may do more harm than good over the long run.

Notably, China exported only $ 976 million of steel and $ 1.8 billion of aluminum products to the United States, or just 6 percent of the $ 46 billion of US steel and aluminum imports over which Trump is imposing tariffs.

In 2016, the United States imported $ 21.9 billion worth of steel and $ 12.4 billion worth of aluminum and bauxite (aluminum ore).

Others have given static explanations showing that even if the United States imported no steel or aluminum, it would still have a trade deficit.

Weighing trade sanctions, Trump said he's «considering all options» to address an influx of cheap aluminum and steel imports into the United States.

President Donald Trump is threatening to put tariffs on steel and aluminum imported into the United States, and Friday the European Union released a list of products it says it will tax in retaliation — including Orange Juice.

The article also suggests that globalization will not cease, just change: fewer imports from China, more from Mexico, increased steel production in the United States.

President Trump has exempted the two nations from 25 % import duties on steel and 10 % duties on aluminum, and has further left the door open to any nations with which the United States has a «security relationship».