On Monday, during a signing ceremony at the Oval Office, Trump announced the tariffs on foreign steel and aluminium were to be imposed “without exceptions or exemptions”. The
Jim Chalmers will advocate for Australia to be exempt from Donald Trump’s sweeping 25 per cent tariffs on steel and aluminium imports when he meets with his US counterparts in Washington DC.
The total value of Spanish steel and aluminium exports to the United States could fall by 10.4% due to U.S. President Donald Trump's new tariffs on the metals, the Spanish Chamber of Commerce estimated on Tuesday.
Despite Donald Trump's tariff threats, experts see strong domestic metal companies weathering geopolitical headwinds.
Australian Treasurer Jim Chalmers meets U.S. Treasurer Scott Bessent in Washington for talks on steel and aluminium tariff exemptions. As part of broader discussions, this meeting coincides with an investment summit focusing on economic ties.
Sims CEO Stephen Mikkelsen expects a new “nationalised” and “regionalised” international eco­nomic order to benefit the listed metals recycler, beginning with Donald Trump’s tariffs on steel and aluminium,
President Donald Trump ordered a 25% tariff on steel and aluminium imports, escalating his efforts to protect politically important US industries with levies hitting some of the country’s closest allies.
The US President signed proclamations on Feb 10 raising the tariff rate on aluminium to 25 per cent. Read more at straitstimes.com.
The European Union (EU) estimates that the first wave of Donald Trump’s steel and aluminium tariffs will hit as much as 28 billion euros (S$39 billion) of the bloc’s exports in what would be a massive escalation in the US president’s trade war.
The European Union said it would respond with “firm and proportionate countermeasures” to the U.S. decision to impose tariffs on all steel and aluminium imports, escalating fears of a trade war. U.S.
This is because India's direct steel exports to the US are relatively low, just 4 per cent of its total exports in 2024
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