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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US aluminium scrap caught in the crossfire of US-China trade war
On April 2, the Ministry of Commerce of the People’s Republic of China issued a announcing that the 25 per cent tariff on aluminium scrap imported from the United States would take effect immediately. China immediately imposed tariffs on all 128 products, citing public comments expressing support...
Rusal's shares fall and LME surges on US sanctions of Mr Deripaska; LME to continue with Rusal listing
The Trump administration imposed punitive sanctions on Friday April 7, which includes seven Russian oligarchs, 12 companies they own or control, as well as 17 senior Russian government officials. The sanctions are an extension of US sanctions passed in response to Russia’s 2014 invasion of Crimea,...
Uncertainty looms large over American manufacturing sector after Trump’s tariffs
American manufacturers across multiple sectors use both foreign and domestic steel and aluminum in their production processes. According to US Geological Survey, in 2017, imports made up 61 per cent of aluminium consumption in the U.S. and total crude and semi-finished aluminium import stood at 6.3...
Century Aluminum to invest US$116.5 million to upgrade Hawesville smelter and create new jobs
Century Aluminum, a global producer of primary aluminum has created a buzz with an announcement that it is going to invest US$116.5 million for the improvement of one of its smelters in Hawesville, Kentucky and offer jobs to 250 personnel. This announcement was made on Wednesday April 4, 2018 by...
Turkey's export of plates, sheets, and strips remain flat YoY; exports to the US expected to drop due to tariffs
Turkey's Economy Minister Nihat Zeybekci recently said U.S. President Donald Trump’s imposition of a 25 per cent tariff on imported steel and a 10 per cent tariff on aluminium is not acceptable to Turkey. Turkey mostly exports aluminium rolled products globally. Assan Alüminyum is Tukey’s leading...
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
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...
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,...
Recovery of aluminium from scrap in the U.S. up in January 2018
According to aluminium recycling statistics published by the U.S. Geological Survey, Department of Interior; the U.S. aluminium industry purchased an estimated 318,875 tonnes of aluminium scrap during January 2018, up from the December 2017 total of 315,280 tonnes while down 2.8 per cent from the...
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,...
US environmental regulators to set new fuel economy and greenhouse gas emissions standards
The U.S. Environmental Protection Agency (EPA) released its final determination finding current fuel economy and greenhouse gas emissions standards for light-duty vehicles model years 2022-2025 are not appropriate. US environmental regulators decided that the emissions standards for cars and trucks...
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
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
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
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
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
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...
US import of bauxite drops 32% for the full year 2017 on closure of alumina refineries
According to the latest USGS release on Bauxite and Alumina in the Fourth Quarter 2017 , imports of crude and dried bauxite by the U.S. in Q4 2017 were 910,000 tonnes, slightly less than the revised total of 914,000 tonnes in the third quarter of 2017. However, on a YoY basis, import of bauxite...
