More Foreign Steel Is Being Sent to Canada Amid Trump’s Tariffs

With Canada expected to announce consultations Tuesday on potential measures to limit steel transshipment, there’s evidence countries are already upping their exports to Canada. Imports of iron and steel from countries other than the U.S. have spiked, coinciding with President Donald Trump’s imposition of 25 percent tariffs on foreign steel from Canada and other countries.
Complete Reading

Chinese copper fabricators and importers are scrambling to divert or resell cargoes of U.S. copper scrap en route to China after Beijing hit such imports with a 25-percent duty as the trade row with Washington deepens, sources said. U.S. scrap metal, waste paper and plastics cargoes arriving in China from Aug. 23 will incur the
Complete Reading

China’s threats of new tariffs on $60 billion worth of U.S. imports will create shifts in the energy market, as American liquefied natural gas makes the list of goods Beijing will target, analysts said. The move to include LNG raised eyebrows as China had previously held back at including the fuel on the list of
Complete Reading

The United States Trade Representative’s office has unveiled a list of around USD 16 billion worth of imports from China that will be subject to a 25 percent additional tariff. As informed, the country’s Customs and Border Protection will begin to collect the additional duties on the Chinese imports on August 23, 2018. The move
Complete Reading

WASHINGTON: The Trump administration recently announced that it will go ahead with imposing 25 percent tariffs on an additional $16 billion in Chinese imports. Customs officials will begin collecting the border tax Aug. 23, the Office of the U.S. Trade Representative said. The list is heavy on industrial products such as steam turbines and iron
Complete Reading

European capital goods companies are starting to show the strain of Washington’s trade conflicts with China and other countries, as tariffs push up costs for machine parts and raw materials and threaten to worsen supply bottlenecks. Makers of machines that rely on thousands of small parts from around the world – from Swedish lawnmower maker
Complete Reading

The Chinese government has a plan to retaliate against increases in U.S. tariffs regardless of the volume of goods targeted, according to an official in Beijing. China is ready to respond to measures from U.S. President Donald Trump whether they involve $16 billion or $200 billion of Chinese imports, the official said Thursday, asking not
Complete Reading

The U.S. and China clashed at a World Trade Organization meeting with Washington demanding reforms to make the Chinese economy more responsive to market forces. Chinese Ambassador Zhang Xiangchen said Beijing wouldn’t respond to heavy-handed tactics. “Extortion, distortion or demonization does no good to resolve the issues,” Zhang said Thursday in Geneva. “Holding our feet
Complete Reading

The European Union’s budget commissioner suggested on Wednesday the bloc would be ready to discuss mutual tariff cuts with the United States across a range of products, provided Washington lifts recent punitive tariffs first. Speaking before an EU delegation travels to Washington for talks on Wednesday on a long-term trade deal, Guenther Oettinger said the
Complete Reading

Christmas is looking a little less bright for container-shipping companies. As the industry enters what’s typically its busiest quarter before the year-end holidays, an escalating trade row between China and the U.S. may lead to higher prices for China-made goods from Christmas lights to cooking stoves. With about 90 percent of global trade carried by
Complete Reading

Create Account



Log In Your Account