Collapsed Canada tariff talks put Indiana's aluminium jobs back in the spotlight
Indiana has emerged as an unlikely flashpoint in the latest round of US-Canada trade friction, after Washington's now-collapsed negotiations with Ottawa briefly put a proposed cut to aluminium tariffs on the table, one that industry advocates say would have hit the state's fabrication workforce...
US aluminium manufacturers launch alliance to address tariff concerns
US aluminium fabricators, extruders and finished-product manufacturers have launched the American Aluminum Alliance. This is a new trade association representing companies at the downstream end of the country’s aluminium value chain. The alliance brings together manufacturers that use aluminium to...
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Japan's aluminium industry fears the impact of possible US import car tariffs
On Wednesday, July 25, the head of a Japan trade body said that the country’s aluminium industry seems to be more concerned over the possible US tariffs on automobiles and automobile parts than the duties on aluminium. That’s because Japanese firms are confident that the kind of high-end...
Trump agrees to ease car tariffs on EU to calm trade war fears
After a meeting at the White House on July 25, US President Donald Trump and European Commission President Jean-Claude Juncker appeared to reach a deal to quell all the trade barriers between the two countries. Trump agreed to ease sweeping tariffs on the EU-assembled cars, while Jean-Claude...
Whirlpool says US tariffs on aluminium and steel hurting costs
Home appliance manufacturer Whirlpool, an early supporter of tariffs to protect US washing machines, said that US tariffs on aluminium and steel were raising sharply the costs of raw materials, contributing to a slump in second-quarter earnings, and shares fell 15 per cent to a two-year low. The...
Sweeping tariffs & restrictions brought Y-o-Y decline to China’s aluminium scrap import in June
China’s aluminium scrap import in June remained at a lower level given the sweeping tariffs and restrictions Chinese aluminium scrap imports. Shanghai Metals Market believes that this downtrend is likely to stay even in the month of July on continued trade disputes between China and the United...
Chinese aluminum foil maker sues U.S. over anti-dumping duties
Chinese aluminum foil producer Shantou Wanshun Package Material Stock Co. on Monday said its subsidiary is suing the United States over twin anti-dumping and anti-subsidy duties Washington imposed on its shipments. In a statement to the Shenzhen Stock Exchange, Wanshun said Jiangsu Zhongji...
US business giants lobby to discourage Trump from levying further tariffs on imported steel, aluminium and vehicles
Right from Amazon to Toyota to Alcoa, big companies in the United States are striving hard to discourage the US President Donald Trump from tearing up trade agreements or introducing additional imported tariffs on aluminium and steel and foreign vehicles, but without getting involved into any kind...
US beer and canning industry continues to worry over price and premium hike from aluminium tariffs
Local breweries in the US that rely heavily on aluminium cans are starting to feel the pinch of import tariffs on aluminium products imported from Canada. Winnipeg is home to over 20 different local beer breweries that now have no other choice than to pay the tariff in order to continue producing...
US Treasury Secretary indicates their willingness to lift Rusal's name from the sanctions list
US Treasury Secretary Steven Mnuchin said in an interview with Reuters in São Paulo that they are open to lift aluminium producer Rusal’s name from the U.S. sanctions list. The comment came ahead of G20 finance meetings this weekend in Argentina. Mnuchin's comment was the latest indication the...
Domestic auto industry pleads Trump to drop his tariff plans on imported vehicles
The US automotive industry pleaded President Donald Trump on Thursday, July 19, to reject higher tariffs on vehicle imports, saying that these additional tariffs could cripple domestic manufacturing and cause job loss. The pleas came followed by the European Union’s announcement of preparing a list...
India & US aim at resolving concerns over bilateral trade, US to hand over problem-list to India
A new of round of talks between the United States and India late last month has resulted in a decision that the Trump administration will hand over a “problem-list” to India assembling all the trade issues between the two countries. This will be done next week in the hope to iron out differences...
EU prepares list of counter-measures against possible US automotive tariffs
The European Union has already started preparing a ground for its retaliatory move against the United State in case the 20 per cent tariff on EU-assembled cars is levied. On Tuesday, July 17, European Union Trade Commissioner Cecilia Malmstrom announced that a list of counter-measures to potential...
Imports of aluminium and aluminium product drops in North America in the month of May
According to the latest report from Aluminum Association, imports of aluminium ingot, scrap and mill products into the U.S. and Canada (excluding crossborder trade) totalled 330,215 tonnes in May 2018, off 20.8 per cent from the May 2017 total of 416,851 tonnes. Including scrap, which accounted for...
Boating and House improvement businesses fear harm from tariffs on steel and aluminium
Aluminum prices climbed 18% in the US in the second quarter of 2018, after the tariffs were announced by Trump. The tariffs are expected to affect prices of a range of end use products from beer cans, to cars to building and construction products. A local news update reported that the price of...
US challenges its major trading partners over retaliatory tariffs on American goods
On Monday, July 16, the United States reportedly brought cases to the World Trade Organisation against the European Union, China, Canada, Mexico, and Turkey, as they had been imposing heavy retaliatory duties on American exports. US Trade Representative Robert Lighthizer claimed that these...
South Africa may take legal route if Trump goes ahead with tariffs on automotive parts import
During bilateral meetings in Washington DC with US Trade Representative Ambassador Robert Lighthizer, US Secretary of Commerce Wilbur Ross and other important members, South Africa’s Trade and Industry Minister Rob Davies said that SA's steel and aluminium exports to the United States does not pose...
India, U.S. set to meet over metal tariffs this week
The U.S. and India are scheduled to sit across the table this week in Geneva to discuss the case filed by India with the World Trade Organization’s (WTO) dispute settlement mechanism over the U.S.’s imposition of import duties on steel and aluminium. The talks will be held under the aegis of WTO’s...
Boeing concerned over possible damage to the international supply chain by US- China trade war
Boeing, the leading US aerospace and defence supplier has warned about potential damage of the growing US-China trade row. "Aerospace thrives on free and open trade," said chief executive of Boeing Dennis Muilenburg. "The aerospace sector drives economic benefits globally," he added. Like many...
US sweeping tariffs on aluminium and steel could hit own economy: Says Fed Chairman
Trump’s decision to impose additional tariffs on imported aluminium and steel could bring in a negative impact on United States economy, said Federal Reserve Chairman Jerome Powell on Thursday, July 12. To quote Powell, "If it works out other ways, so that we wind up having high tariffs on a lot of...
