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Trump's 25 per cent duty on imported goods will hamper import of Chinese-assembled cars to the U.S.
06 APR 20182MINS

Trump's 25 per cent duty on imported goods will hamper import of Chinese-assembled cars to the U.S.

According to a Bloomberg report, Trump administration’s 25 per cent duty on about $50 billion worth of imported goods will hamper growing export of Chinese-assembled cars to the U.S. auto market. A small number of Chinese-made cars make way to the U.S. market, but the number has been on the rise....

Turkey starts communicating with the US for aluminium and steel tariffs exemption
06 APR 20181MINS

Turkey starts communicating with the US for aluminium and steel tariffs exemption

Turkey’s Economy Minister Nihat Zeybekci announced on Thursday April 5, 2018 that Ankara, the capital state of Turkey has got in touch with the United States, seeking exemption from the tariffs on imported aluminium and steel. "Our contacts [with the U.S.] continue through writing, telephone and...

Chengdu’s aluminium die-casting firm anticipates to experience a lower operating rate this month
05 APR 20182MINS

Chengdu’s aluminium die-casting firm anticipates to experience a lower operating rate this month

After Beijing and Shanghai, who have already engraved their names as the two most invincible provinces in China in terms of economic prosperity, Chengdu had set a target to establish itself as a primary financial centre in West China, formulating firm investment and development plans. While working...

China customs rejects 100 tonnes aluminium scrap imports from the U.S. due to import tariff
04 APR 20182MINS

China customs rejects 100 tonnes aluminium scrap imports from the U.S. due to import tariff

As a retaliatory move against the US aluminium and steel imports tariffs, China has taken the US aluminium scrap industry on storm and created mayhem by officially slapping a blanket of 25 per cent tariff on aluminium scraps imported from the Unites States, effective on and from Monday April 2,...

India's aluminium export rises sharply in 2017; US tariffs to have minimum impact on the country's export
04 APR 20182MINS

India's aluminium export rises sharply in 2017; US tariffs to have minimum impact on the country's export

According to data from Ministry of Mines, aluminium exports from India have recorded a sharp rise of 34.02 per cent YoY during April-January, 2017-18. The sharp rise was caused by growing domestic production and sluggish domestic demand growth. Our data shows India exported and estimated 1.20...

Aluminium and steel tariffs are taking US local markets on storm; Metal Fabrication is hit high
03 APR 20182MINS

Aluminium and steel tariffs are taking US local markets on storm; Metal Fabrication is hit high

Ever since the United States of America has signed for aluminium and steel tariffs on imported metals, aluminium manufacturers, traders and enthusiasts are busy evaluating the final impacts, even after some of the key aluminium supplying countries like Brazil, Argentina, Australia, South Korea,...

China's aluminium scrap imports fall YoY in January-February; expected to drop further in 2018
03 APR 20182MINS

China's aluminium scrap imports fall YoY in January-February; expected to drop further in 2018

Aluminium scrap imports by China, the world’s biggest aluminium producer, dropped YoY through the first two months of 2018 as the secondary aluminium production took a back sit due to environmental restrictions during winter heating season. As per recent export-import data released by General...

Why Trump's trade threats won't boost foreign automakers in China
01 APR 20184MINS

Why Trump's trade threats won't boost foreign automakers in China

U.S. President Donald Trump is girding for a trade war with China. After slapping tariffs on steel and aluminum imports this month, he announced plans last week to levy tariffs on up to $60 billion (374 billion yuan) of Chinese goods. In retaliation, Beijing said it will impose tariffs on $3...

Craft beverage and cannery industry fear cost and price increase due to import tariffs on aluminium
30 MAR 20182MINS

Craft beverage and cannery industry fear cost and price increase due to import tariffs on aluminium

A number of small scale end user industries in the U.S. will end up increasing the cost of their products to adjust Donald Trump's 25% and 10% tariff on steel and aluminium import. As we have said earlier, craft beer or cider industry fears they would have to increase the price of beer and cider...

Automakers keep wary eye on tariff impact, possible trade war
30 MAR 20183MINS

Automakers keep wary eye on tariff impact, possible trade war

Executives from major automakers raised concerns at the New York auto show this week about the possibility of a trade war after the Trump administration imposed tariffs on steel and aluminum imports earlier this month, especially at a time when U.S. sales of new vehicles are in decline....

India directly approaches US for aluminium and steel tariffs impunity
29 MAR 20182MINS

India directly approaches US for aluminium and steel tariffs impunity

Not many days ago, India urged the World Trade Organisation (WTO) to exempt it from the recently-enacted US aluminium and steel tariffs. While already by now, the country has directly approached the United States for the exemption, with a supportive reasoning that its aluminium and steel exports...

Canadian government to take measures to prevent transshipment and diversion of aluminium
29 MAR 20182MINS

Canadian government to take measures to prevent transshipment and diversion of aluminium

The Canadian government announced new measures to prevent transshipment and diversion of metal in Canada on March 26 2018. President Trump announced his final decision to impose a 10% duty on all aluminium imports and exempted Canada for a temporary period for further negotiation for a permanent...

Japan aluminum industry urges U.S. to scrap import tariffs
29 MAR 20181MINS

Japan aluminum industry urges U.S. to scrap import tariffs

Japan's aluminum industry on Thursday called for the United States to scrap import tariffs on aluminum as they are against international rules and pose a serious problem. Last week, U.S. President Donald Trump temporarily excluded six countries, including Canada and Mexico, and the countries of the...

Russia should be granted an exemption from US aluminium tariffs, Rusal says
28 MAR 20181MINS

Russia should be granted an exemption from US aluminium tariffs, Rusal says

Russian aluminium producer Rusal said that the company believed Russia should be granted an exemption from the tariffs on imports of aluminium and steel imposed by the United States. Rusal supplies to the US markets with the low carbon aluminium. "Our subsidiary Rusal America in State of Delaware...

Federal Government measures to prevent transshipment and diversion of aluminium
28 MAR 20181MINS

Federal Government measures to prevent transshipment and diversion of aluminium

The Canadian government announced today new measures to prevent transshipment and diversion of metal in Canada. "This announcement demonstrates Canada's leadership and commitment to the integrated North American aluminium supply chain, which benefits both Canada and the United States. It takes all...

Israeli Government asks for a relief from aluminium and steel tariffs
28 MAR 20182MINS

Israeli Government asks for a relief from aluminium and steel tariffs

Yet another country asks for a relief from the US's high customs duties on imported aluminium and steel. The Israeli government is pressing the United States of America to exempt it from the tariffs as they are affecting the small businesses. As reported by “Globes”, Israel’s Ministry of Economy...

China’s demand for aluminium and steel tariff compensation from US steers WTO showdown
27 MAR 20182MINS

China’s demand for aluminium and steel tariff compensation from US steers WTO showdown

After considering a 15 per cent tariff on US products, China is now asking for compensation from the US for lost trade due to the aluminium and steel tariffs by Donald Trump. This may lead to a great dispute between the two nations at the World Trade Organisation. In two filings with the WTO on...

China proposes 25% tariff on aluminium scrap imports from the US;  scrap prices expected to jump further
27 MAR 20182MINS

China proposes 25% tariff on aluminium scrap imports from the US; scrap prices expected to jump further

China has started retaliating against the tariffs imposed by the U.S. on Chinese steel and aluminium products. The China’s Ministry of Commerce has proposed to levy a 25% tariff on aluminium scrap imports from the US in order to offset the losses brought by the newly announced US tariffs. 30% of...