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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India’s retaliatory act on US aluminium and steel tariffs not apt, says USTR
Deputy USTR Jeffrey Gerrish said India’s recent retaliatory act against the US decision to impose tariffs on imported aluminium and steel was not appropriate. Mr. Gerrish opposed India’s retaliation by claiming that US’ tariffs on imported aluminium and steel were not a safeguard measure....
Switzerland earned US$ 15 million revenue from semi-finished aluminium export to US in 2017
On July 10, Switzerland launched a complaint at the World Trade Organisation against the US tariffs on imported aluminium and steel being the eighth WTO member to file such trade dispute complaint against the U.S. Under WTO rules, if the US is unable to settle the issue in next 60 days, Switzerland...
Slovakia fears consequences of US tariffs on European automotive production
Being the EU’s leading car and car exporter to the United States, Slovakia expressed its deep concern and fear over the knock-out effect of US tariffs on imported cars from the European Union. Slovakia is known to contribute a lion share to the overall car making sector – 44 per cent of total...
Israel fails to receive exemption from US imported aluminium and steel tariffs
Like many other trading allies of the United States, Israel too could not win a reprieve from the US additional tariffs on aluminium and steel imports. In response to this, a group of Israeli manufacturers prompted warnings that this could bring in a “death blow” to local industries. In March, the...
Rusal’s aluminium shipments increase 49% MoM in June
Despite being placed under U.S. sanction in April, the world’s second biggest aluminium producer Rusal increased its aluminium shipments by 49 percent in June from May, according to news reported by Interfax news agency and published by Reuters. Citing Russian Railways data, Interfax said, Rusal...
Imported tariffs on US-made cars lead to the possibility of BMWs price hike in China
As soon as China’s 25 per cent tariff on US-made cars came into effect on Friday, July 6, German luxury automaker BMW said it would not be able to completely absorb the new tariff and thus, would raise prices on the vehicles it makes in Spartanburg, South Carolina. BMW said it is “currently...
Switzerland launches complaint at WTO in response to US aluminium and steel tariffs
As declared on July 10, 2018, Switzerland has launched a complaint at the World Trade Organisation against the US tariffs on imported aluminium and steel, claiming that this tariff is wrongly imposed on them. Hence, it is now the eighth WTO member to start such a challenge. The Swiss economy...
Sonoco announces 4% price rise in all its composite cans and metal ends on import tariffs on aluminium and steel
Sonoco Products Co. announced on Monday that it will raise prices on all composite cans and metal ends in the U.S. and Canada by 4%, in response to recent import tariff on steel and aluminium. The price increases will be effective from Aug. 1. Sonoco is a US$5 billion global provider of consumer...
Russia plans to increase aluminium demand by 300,000 tonnes in 2018
Russia’s Minister of Industry and Trade Denis Manturov said on Monday, July 9, that the country plans to increase domestic aluminium demand by 300,000 tonnes in 2018, according to news reported by TASS. "We have about one million [tonnes of aluminium consumed in Russia in 2017 - TASS]. 300,000...
Aluminium scrap exports by US up 13% through April; to be affected by China’s scrap tariffs in Q2 2018
According to the latest Mineral Industry Survey report from US Geological Survey, US domestic primary aluminium production in April 2018 was 71,000 tonnes. The average daily production in April was 2,360 tonnes, 3% more than that in March 2018, 18% more than that in April 2017, and 13% more than...
Russia imposes additional 25% to 40% import duties on US goods
Russia declared on Friday, July 6, 2018, that it would levy additional import duties of 25 to 40 per cent on the US industrial goods, as a retaliatory act against the US tariffs on imported aluminium and steel. The economy ministry said Russia would impose tariffs on some goods from the United...
Abbott urges Trump to reconsider imported aluminium and steel tariffs
Governor Greg Abbott urged President Donald Trump in a letter on July 28, to reconsider tariffs on imported aluminium and steel, arguing that the metals are vital to the growth of Texas’ industries. In the letter, Abbott mentioned Texas companies imported more than US$8.3 billion worth of aluminium...
Bawumia requests US to partner Ghana to help develop strong bauxite industry
Ghana Vice President Mahamudu Bawumia has requested the United States through the Secretary for Commerce Wilbur Ross, to consider partnering with Ghana for developing a strong bauxite industry in the country. While delivering a speech at the US-Ghana business session, Mahamudu explicitly said that...
Merkel announces to back EU auto tariff cuts on US
German Chancellor Angela Merkel declared yesterday, July 5, that she would back cutting the European Union tariffs on cars imported from the United States. This she announced in response to the US offer to abandon threatened duties on the EU-assembled imported cars in return for concessions....
US aluminium atomizer Ampal Inc. files exclusion request from import tariffs, fears downsizing
The recently imposed tariffs on aluminium it imports from Canada are slowly affecting the small and medium size aluminium product manufacturers in the US creating a concern over supply disruption and cost increase. Ampal Inc., the nation’s most productive aluminium atomizer whose parent company,...
US offers tariff solution to German car companies on condition: says a report
The United States President Donald Trump would suspend threats to impose tariffs on imported cars from the European Union provided the bloc removes duties on US cars. The US ambassador to Germany conveyed the message to German car bosses, according to a report by a leading German-language newspaper...
US President Donald Trump defends trade tariffs despite criticisms from allies
Even after endless criticisms from allies, United States President Donald Trump maintains a defensive stance towards his decision of imposing billions of dollars of tariffs on allies’ aluminium and steel exports. Since May 31, when the US had announced 25 per cent additional tariff on imported...
Canada’s measures against US tariffs will not help its economy: White House
White House spokeswoman Sarah Sanders told a media briefing on Monday, July 2, that Canada’s measures to impose tariffs on imports of aluminium, steel and other products from US worth C$16.6 billion ($12.63 billion) in response to U.S. tariffs on Canadian aluminium and steel will not help Canada’s...
