NewsTariffPage 67

Grow with
AL Circle

KNOW MORE
Trump urged to drop tariffs on Mexican products
28 JUN 20182MINS

Trump urged to drop tariffs on Mexican products

More than 60 American companies representing dairy farmers and cheesemakers in a letter have asked US President Donald Trump to suspend high steel and aluminium tariffs on Mexico until renegotiations over a regional free trade treaty are completed. Calling Mexico the "largest and most reliable...

Russia plans counter measures after U.S. sets aluminium and steel tariffs
28 JUN 20182MINS

Russia plans counter measures after U.S. sets aluminium and steel tariffs

Russian Prime Minister Dmitry Medvedev said on Wednesday, June 27, that the country plans to launch counter tariffs against the US’ decision of 10 per cent tariff on imported aluminium and 25 per cent on imported steel, TASS reported. Dmitry Medvedev said the U.S. decisions are discriminatory in...

US’ tariff on imported passenger vehicles likely to cost domestic consumers $45 billion
27 JUN 20182MINS

US’ tariff on imported passenger vehicles likely to cost domestic consumers $45 billion

An automotive trade group believes that US’ tariff of up to 25 per cent on imported passenger vehicles if imposed, will likely cost domestic consumers US$45 billion annually or US$5800 per vehicle. Gloria Bergquist, the national spokesperson for auto industry on environmental and safety matters,...

Michigan Scrap recycler fears supply and sale disruption on the back of trade dispute with China
27 JUN 20182MINS

Michigan Scrap recycler fears supply and sale disruption on the back of trade dispute with China

Trump administration’s tariff on the imported aluminium and steel and the counter tariff by China on scrap imported from the US are going to have an effect on US scrap recycling sector. Jeff Padnos, the CEO of Holland, Michigan-based scrap recycling firm Padnos points to China’s aluminium scrap...

Beer industry will have trickle-down effect from US aluminium tariff
26 JUN 20182MINS

Beer industry will have trickle-down effect from US aluminium tariff

The U.S. beer industry has been hit hard by more expensive aluminium after President Donald Trump’s tariffs on imported aluminium and steel came into effect. Experts predict that import tariffs could even lead to job losses across the beer industry. Image Source: The Beer Institute John Decker,...

Harley Davidson to shift some production to avoid EU tariff burden
26 JUN 20181MINS

Harley Davidson to shift some production to avoid EU tariff burden

An American motorcycle manufacturer Harley-Davidson announced that its plans to shift its US manufacturing base to overseas in order to avoid burden of European Union tariffs. Last week, the European Union, in retaliation to U.S. tariffs on EU aluminium and steel exports, imposed tariffs on US...

Russia seeks third-party status from WTO to join EU-US consultations on aluminium and steel
24 JUN 20182MINS

Russia seeks third-party status from WTO to join EU-US consultations on aluminium and steel

The Government of the Russian Federation announced on Tuesday, June 19, that it requested to join consultations between the European Union and the United States at the World Trade Organisation over the US imported metal tariffs. The request was submitted in an official letter, dated June 15, 2018....

U.S. boat makers condemn "harmful policies" on aluminum imports
21 JUN 20182MINS

U.S. boat makers condemn "harmful policies" on aluminum imports

U.S. boat makers Wednesday urged President Donald Trump to immediately withdraw high tariffs on alloy aluminum sheet imports from China, saying these "harmful policies" will cost American industries dearly. "The administration claims their trade policies aim to level the playing field for American...

India to impose retaliatory measures on US exports from August 4
21 JUN 20182MINS

India to impose retaliatory measures on US exports from August 4

India today, on June 21, 2018, notified that it would impose retaliatory tariffs against 30 US products from August 4, 2018. The products are worth of US$240 million to counter Trump administration’s move to unilaterally hike duties on Indian aluminium and steel exports. Although the Indian...

EU’s retaliatory tariffs on US imports to come to effect from Friday
21 JUN 20181MINS

EU’s retaliatory tariffs on US imports to come to effect from Friday

The European Commission announced on Wednesday, June 20, that the EU’s retaliatory tariffs on list of products in response to the US tariffs on aluminium and steel will come into effect on Friday 22 June. Donald Trump hit the European Union with tariffs of 10 percent on aluminium and 25 percent on...

LME aluminium prices tumbled to its lowest since April after global aluminium production surged
21 JUN 20182MINS

LME aluminium prices tumbled to its lowest since April after global aluminium production surged

LME aluminium tumbled to the weakest since April after data showed world primary aluminium production increased to 5.441 million tonnes in May. The metal failed to receive support at US$2,177 per tonne last night and touched a low of US$2,165 per tonne, Shanghai Metals Market reports. LME aluminium...

US trade dispute may put Jamaica’s alumina exports into distress
20 JUN 20182MINS

US trade dispute may put Jamaica’s alumina exports into distress

Jamaican Minister of Foreign Affairs and Foreign Trade Kamina Johnson Smith believes that Jamaica’s alumina exports are likely to be affected by the ongoing trade dispute between the United States and other countries. On Tuesday, June 19, she briefed to a press at the foreign ministry in New...

Russia to impose duties on American goods after U.S. sets metals tariffs
20 JUN 20183MINS

Russia to impose duties on American goods after U.S. sets metals tariffs

Russia said on Tuesday it would impose import duties on U.S. road-building machinery, a measure likely to help Russian oligarch Oleg Deripaska, who was hit by U.S. sanctions and controls Russia’s biggest maker of road-building equipment. In the latest move in the war of sanctions between Russia and...

China to levy 40 per cent tariff on US vehicles from July 6
20 JUN 20182MINS

China to levy 40 per cent tariff on US vehicles from July 6

According to the State Council, China is going to raise the import duty to 40 per cent on certain cars imported from the United States, with effect from July 6, 2018. The commission of tariffs and customs made this announcement early this week as part of an additional 25 per cent tariff recently...

Philippines manufacturers seek exemptions from higher aluminium and steel tariffs
19 JUN 20182MINS

Philippines manufacturers seek exemptions from higher aluminium and steel tariffs

Overseas firms in Philippines, affected by the US-China trade war, are now seeking reprieve from higher US tariffs on imported aluminium and steel, according to Trade and Industry Secretary Ramon M. Lopez. These firms include Sunpower Inc., which produces solar panels for exports and other...

ISRI advocacy delivers for recyclers in latest tariff measures
19 JUN 20182MINS

ISRI advocacy delivers for recyclers in latest tariff measures

As China and the United States continue to spar back and forth with new tariffs being imposed on key imports on goods from each country, the recycling industry has largely been spared. On Friday, the Trump Administration announced a final list of products from China that would be assessed a 25%...

China’s retaliatory duties on US exports ignite US-China trade war tensions
18 JUN 20182MINS

China’s retaliatory duties on US exports ignite US-China trade war tensions

China’s response to President Donald Trump’s tariffs with extra customs duties over the weekend pulled the US-China trade war tensions to the boiling point. Accusing China on Friday, June 15, 2018, with an allegation of stealing intellectual property from US technology companies, Trump decided to...

Analysts believe effective recycling of aluminium can tackle influx of import to the U.S.
18 JUN 20183MINS

Analysts believe effective recycling of aluminium can tackle influx of import to the U.S.

Economists in the US are deliberating on how Trump’s tariffs on imported steel and aluminium are expected to increase prices of aluminium and aluminium products including the finished products by end users. They see the possibility of a trade war between the US and its closest allies with the...