steel, Trump
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Britain’s goods exports to the US fell in April by the largest amount for any month since records began in 1997 after President Donald Trump launched his global trade war.
The Trump administration’s new 50% duty on imported steel could increase store prices for items in steel cans by 9% to 15%, according to the Consumer Brands Association,
The decision, from the U.S. Court of Appeals for the Federal Circuit in Washington, delivered an important but interim victory for the Trump administration, which had warned that any interruption to its steep duties could undercut the president in talks around the world.
Steel stocks fell early Wednesday. Steel tariffs, which have boosted the sector, might be coming down.On Tuesday, Bloomberg reported that Mexico and the U.S. reached a deal to eliminate tariffs recently increased to 50% by President Donald Trump on some quantities of steel imported from Mexico.
The steel used in cans is mostly imported—and subject to the Trump administration’s new 50% levy.
President Donald Trump announced a new trade framework with China, under which the U.S. will receive magnets and rare earth
Tariffs imposed by the Trump administration on imported steel and aluminum increased from 25% to 50%, intensifying uncertainty among homebuilders.
According to nearly every academic expert, Donald Trump’s tariffs are bad news for the US and the world economy. But there are some exceptions.