01
June
2018
China merger to create world’s second largest steel firm
Under the deal, Baosteel is to take over its smaller competitor Wuhan Iron and Steel.Both companies are majority-owned by the state.The announcement comes as Beijing tries to overhaul the steel industry, one of the country’s bloated state sectors.The merger will create a new company, China Baowu Iron and Steel Group.
30
May
2018
US steel stocks rally on Trump steel tariff comments
US steel stocks were rallying on Monday following reports that President Donald Trump wants to impose the harshest tariffs on imports of aluminium and steel.Mr Trump wants to impose a 24 per cent tariff on imports of steel, according to a Bloomberg report published late on Friday.
22
May
2018
US Manufacturers Seek Relief From Steel, Aluminum Tariffs
President Donald Trump’s tariffs on imported aluminum and steel are disrupting business for hundreds of American companies that buy those metals, and many are pressing for relief.Nearly 2,200 companies are asking the Commerce Department to exempt them from the 25 percent steel tariff.
25
April
2018
Little Evidence Supports Trump’s Claims Against China
President Trump imposed steep tariffs on steel and aluminum imports on Thursday, singling out China as a top offender in an effort to curb what he has called unfair trade practices. But there is little evidence to support his dismissal of estimates that say Chinese steel accounts for only a small percentage of imports into the United States.
21
April
2018
What does the world trade order look like?
The international trading order is confronting its deepest crisis to date. The threat of a global trade war has been looming over us. Some now believe it is time to pull the plug on 70 years of trade diplomacy and pursue trade goals by other means. There is no doubt that if this happens, it will be the public that takes the hit.
12
February
2018
China: Trade talks with the US are back on
China says new talks with the United States are set to take place amid the trade war between the two economic superpowers. The Chinese Commerce Ministry announced Thursday that a delegation will travel to the United States later this month for talks. The visit is at the invitation of the United States, the ministry said in a short statement.
06
February
2018
Analysts say Europe would be a major victim in the trade spat
Global stocks have been whipsawed in recent sessions as investors grapple with conflicting signals from senior officials in the Trump administration on future trade policy between the world’s two biggest economies. The announcement comes as Beijing tries to overhaul the steel industry, one of the country’s bloated state sectors.
