US industrial policy needs to be systematic, not just ad hoc – Part 2
Our current approach can win economic skirmishes, but not the geopolitical conflict. – Part 2 Impact #5 of ad hoc industrial policy: Failing to use all required tools Industrial policy is often caricatured as just tariffs and subsidies. Mis-framed debates that evaluate the merits of tariffs in...
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...
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China April scrap aluminium imports fall after 25 per cent import tariff on US scrap
As reported by Reuters, China’s April scrap aluminium imports fell by 27.8% from March to 130,000 tonnes, after the country imposed 25% import tariff on aluminium scrap from the United States, its biggest scrap supplier, effective Apr. 2. Data from the General Administrations of Customs showed...
Oleg Deripaska steps down as Director of Russian aluminium producer Rusal
Russian tycoon Oleg Deripaska has stepped down as director of Rusal to protect the interests of the company and its shareholders. The announcement came a day after the company said its chief executive and seven board members had resigned in an effort to seek relief from U.S. sanctions. "In...
India’s Commerce and Industry Minister to meet USTR next month to sort out tariffs issue
As a development on the tariff issues between the US and India, both the countries will hold high-level bilateral talks between June 10 and 14. The talk is designed to elaborate on and find out a suitable solution for the steel and aluminium tariffs imposed by Trump administration. Commerce and...
US weighs imported auto tariffs for national security: EU and Germany fear trade conflict
Amidst prevailing tensions due to the United States imported aluminium and steel tariffs, Trump administration weighed slapping tariffs on imported cars on Thursday, May 24, 2018, over national security concerns. Commerce Secretary Wilbur Ross said on Wednesday, May 23, that he had initiated a...
Rusal asks Russian government to purchase its aluminium
Russian tycoon Oleg Deripaska has asked the Russian government to start buying aluminium produced by Rusal, said a government source on Thursday, who spoke on condition of anonymity, according to Reuters report. Russia's aluminum producer Rusal also announced that its chief executive and seven...
UC Rusal resumes aluminium shipment to some of its consumers
The news UC Rusal resumed shipping aluminium to some consumers last week has taken the internet by storm. The Russian aluminium giant recommenced the shipment soon after the United States extended the sanctions deadline further from June 5 to October 23, 2018, for companies to wind down contracts...
EU awaits US’s final decision over imported aluminium and steel tariffs exemption
European Trade Commissioner Cecilia Malmstrom said on Tuesday, May 22, 2018, that European Union has still no clarity about the United States’ decision over imported aluminium and steel tariffs exemptions, while the permanent exemption deadline is about to expire on June 1, 2018. The bloc has so...
India and EU plan to increase import duties on US products
India and the European Union have told the World Trade Organization that they have planned to raise import duties on certain US products next month. The move is in retaliation to Donald Trump’s decision to impose tariff on aluminium and steel. Trump’s import duty has affected India’s aluminium...
US- China talk concludes on Sunday with an agreement to back off from trade war
In a significant positive development, China and the United States agreed to back off from imposing new tariffs on each other’s imports and hold back an impending trade war that is threatening the international market especially steel and aluminium. This was confirmed by U.S. Treasury Secretary...
Japan automaking association expects low tariffs and free trade after NAFTA renegotiation
Japan automaking association reported on Friday that it hopes country’s export partners to keep tariffs on vehicles and components low and maintain free trade relationships to promote and strengthen transparent trade, as NAFTA renegotiated and called for the enhancement of requirements for locally...
Turkey to take countermeasures on US for non-exemption from aluminium and steel tariffs
Following Japan, Turkey has also decided to slap the United States with retaliatory tariffs on imported products worth US$1.8 billion, state-run Anadolu Agency reported on Friday, May 18, 2018. Turkey had expected a positive response from the US in regards to aluminium and steel tariffs exemptions...
Top aluminium and aluminium product exporters to the US in 2017
While the USA is holding on to its 10 per cent import tariff on aluminium from all countries, every aluminium exporter to the US is fighting for exemptions from the tariff. The main issue of overcapacity in China and the export of subsidized aluminium to the US is taking a backseat while...
Japan takes final steps to impose retaliatory tariffs against US: Source says
The NHK channel reports that Japan government is all set to impose retaliatory tariffs against the US for not receiving an exemption from the imported aluminium and steel tariffs. It also says that the country is taking final steps to notify the World Trade Organisation (WTO) about the plan and...
Boeing trade-case win prompts new Trump threat of EU sanctions
The U.S. threatened to impose sanctions against the European Union after the World Trade Organization ruled that Airbus SE received illegal government funding to develop jetliners, costing Boeing Co. sales. The final decision affirmed a 2016 finding that the EU had failed to eliminate unfair...
Novelis breaks ground on $300 million automotive aluminium facility in Kentucky
Novelis Inc. has broken ground on its $300 million automotive aluminium sheet manufacturing facility in Guthrie, Kentucky. The 400,000 square foot facility will create approximately 125 jobs and produce annual nameplate capacity of 200 thousand tons. Image Source: novelis.com The aluminium rolling...
Emirates Global Aluminium likely to delay float after market turmoil: sources
Emirates Global Aluminium’s (EGA) stock market listing is likely to slip to 2019 because of turmoil in global aluminum markets after the United States imposed sanctions on Russian aluminum group Rusal, three sources familiar with the deal said. “The IPO (initial public offering) is delayed to 2019...
South Africa to continue communicating with US over imported aluminium and steel tariffs
While speaking to reporters in Parliament on the outcomes of Wednesday’s (May 9, 2018) fortnightly cabinet meeting, Nomvula Mokonyane, Minister of Communications reported that Cabinet was disappointed at United States’ decision to not exempt South Africa from its imported aluminium and steel...
US aluminium scrap exports up 9% YoY in Q1 2018
According to latest figures from the US Census Bureau and US International Trade Commission, aluminium scrap exports by the U.S. rose in the first three months of this year. Total exports by the U.S. stood at 386, 910 tonnes in Q1 2018, up 9 per cent from the same period previous year. U.S. exports...
