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Trump Keeps 50% Metals Tariffs, Adds Key Exemptions - TT
2+ week, 4+ day ago (594+ words) The Trump administration said it will maintain 50% tariffs on many imported steel, aluminum and copper products, even as it moves to simplify duties for goods made with negligible amounts of the metals. A senior administration official cast the changes as…...
Trump Plans to Lower Duty on Metal-Based Products to 25% - TT
2+ week, 5+ day ago (364+ words) The Trump administration is preparing to outline a tiered system for its broad tariffs on steel and aluminum products in an attempt to simplify a process that has dogged American companies for months. The U. S. will maintain 50% tariffs on a large…...
US Import Prices Jumped by the Most Since 2022 Ahead of War - TT
3+ week, 5+ day ago (217+ words) The cost of imports into the U. S. jumped in February by the most in nearly four years, reflecting a broad pickup in prices even before war in the Middle East. Import prices increased 1. 3% from the prior month, Labor Department data showed…...
Blue Scope Rejects Revised Steel Dynamics Bid - TT
1+ mon, 3+ week ago (214+ words) Australia's Blue Scope Steel said a revised bid from Steel Dynamics and SGH undervalues the company, but it remains open to a better offer. U. S. firm Steel Dynamics and Australian conglomerate SGH last week'tabled'a "best and final" proposal for the steelmaker,…...
US Open to Changing Steel and Aluminum Tariffs, Greer Says - TT
2+ mon, 3+ day ago (326+ words) U. S. Trade Representative Jamieson Greer signaled that the Trump administration is open to changing its broad tariffs on steel and aluminum amid pressure from business groups and trading partners. "You may want to sometimes adjust the way some of the tariffs…...
White House Weighs Narrowing Steel and Aluminum Tariffs - TT
2+ mon, 1+ week ago (522+ words) The Trump administration is working to narrow its broad tariffs on steel and aluminum products that companies find difficult to calculate and that the European Union wants reined in as part of its pending trade deal with the U. S. , a person…...
Tariffs Caused $400 Million Hit to Canadian Railways in 2025 - TT
2+ mon, 3+ week ago (270+ words) U. S. tariffs on commodities and the resulting uncertainty led to more than $550 million Canadian ($406 million) in forgone revenues last year at Canada's two largest railroad operators. President Donald Trump's administration caused turmoil in global trade by adding sweeping import tariffs in…...
Thyssenkrupp Explores Selling 30% Stake in Bearings Unit - TT
2+ mon, 4+ week ago (275+ words) Thyssenkrupp AG is considering the sale of a roughly 30% stake in its Rothe Erde bearings business, people familiar with the matter said, in a deal that could value the asset at about 1. 5 billion euros ($1. 8 billion). The German industrial heavyweight is…...
EU to Suspend Planned Countertariffs on $109 B of US Goods - TT
2+ mon, 4+ week ago (332+ words) The European Union will suspend retaliatory tariffs on 93 billion euros ($109 billion) of U. S. goods for another six months after President Donald Trump backed down from his threat to impose levies on some EU countries that opposed his push to annex Greenland....
Trump Targets Tariffs on Canadian Fertilizer, Indian Rice - TT
4+ mon, 1+ week ago (294+ words) President Donald Trump signaled he could impose fresh tariffs on agricultural products, including Canadian fertilizer and Indian rice, the latest sign that protracted negotiations with two U. S. trading partners could drag on. Trump spoke Dec. 8 at a White House event to…...