Us Steel Aluminium Tariffs

Canada may hike tariffs on US steel, aluminium based on trade talks: Carney

Canada's Prime Minister Mark Carney said on Thursday he will impose new tariffs on US steel and aluminum imports on July 21 depending the progress of trade talks with US President Donald Trump. Carney, who met with Trump at the Group of Seven meetings in Alberta this week, reiterated Thursday that Canada and the US "agreed to pursue negotiations toward a deal within the coming 30 days". We will review our response as the negotiations progress, Carney said. He added: "In parallel, we must reinforce our strength at home and safeguard Canadian workers and businesses from the unjust US tariffs. That's why today we are announcing Canada will be introducing a series of countermeasures to protect Canadian steel and aluminum workers and producers. "First, Canada will adjust its existing counter-tariffs on US steel and aluminum products on July 21 to levels consistent with progress made in the broader trading agreement with the United States. Carney said Trump's trade war is running the r

Rupee rises after 4-day drop; capped at 85.39/$ on strong oil prices

Indian Rupee today: The domestic currency ended 19 paise higher at 85.39 against the greenback, after closing at 85.58 on Friday

Rupee snaps 4-day losses; opens at 85.54/$ amid firm oil prices

Indian Rupee today: The domestic currency opened 4 paise higher at 85.54 against the greenback, after closing at 85.58 on Friday

Trade war or fair play? How Indian exporters are reacting to Trump tariffs

The Federation of Indian Export Organisations (FIEO), the apex body representing Indian exporters, acknowledged that the new tariffs would impact Indian businesses

Trump escalates trade war, pledges more tariffs after EU, Canada's response

The latest decision has marked an escalation in the already heated trade war between the US and other nations

Trump tariffs on steel, aluminium take effect: Here's how countries reacted

India has downplayed the impact of US President Donald Trump's 25% steel tariffs, noting that its exports to the US are minimal compared to its total production of 145 million tonnes in 2024

Donald Trump's 25% tariff on all steel, aluminium imports take effect

The decision to impose a 25 per cent tariff on all steel and aluminium imports comes after Trump backtracked on his 50 per cent tariff threat to Canada, just hours after making it

Trump steps up his 2018 tariffs on steel and aluminum, risks inflation

President Donald Trump on Monday removed the exceptions and exemptions from his 2018 tariffs on steel, meaning that all steel imports will be taxed at a minimum of 25%. Trump also hiked his 2018 aluminum tariffs to 25% from 10%. We were being pummeled by both friend and foe alike, Trump said as he signed two proclamations changing his orders during his first term that go into effect on March 4. It's time for our great industries to come back to America. The moves are part of an aggressive push by the president to reset global trade, with Trump saying that tax hikes on the people and companies buying foreign-made products will ultimately strengthen domestic manufacturing. But the tariffs would hit allies as the four biggest sources of steel imports are Canada, Brazil, Mexico and South Korea, according to the American Iron and Steel Institute. Trump also intends this week to reset US taxes on all imports to match the same levels charged by other countries. All of that comes on top of

EU, US end clash over steel, aluminium tariffs, to work on global deal

Biden said the deal immediately removed tariffs on the European Union steel and aluminium, imposed by the previous administration, and lowered costs to US consumers

EU joins battle against US tariff onslaught as Trump takes aim at NAFTA

The prospect of a global trade war has roiled financial markets this week even if they were back in positive territory on Friday due to upbeat US economic data