Page 26 - Us Tariffs
US Commerce Dept raises import tariff for Nippon Steel after review
The Commerce Department imposed a dumping margin of 29 per cent on Nippon Steel for selling hot-rolled steel in the US
 "US Commerce Dept raises import tariff for Nippon Steel after review")
China to retaliate if Donald Trump boosts tariff, says ex-PBOC official
Tariffs will affect the exchange rate, it will affect China's capital flow, and also will affect how much China will buy US Treasury bills, said Zhu
 "China to retaliate if Donald Trump boosts tariff, says ex-PBOC official")
SAIL watching Chinese steel imports post US tariff hikes: Chairman
The state-run SAIL has continued to buy steelmaking coking coal from Russia at 75,000 tons per ship
 "SAIL watching Chinese steel imports post US tariff hikes: Chairman")
US market share in apples, almonds, and walnuts plunged in five years
Similarly, the US-dominated as the source of shelled walnuts for India at 70% share in FY18 with Chile at a distant second with a 29.7% share
 "US market share in apples, almonds, and walnuts plunged in five years")
Google tax: US imposes tariffs on India, but with six-month delay
Following the consultation, the USTR has decided to impose a tariff of up to 25 per cent ad valorem on aggregate level of trade on a slew of Indian products
 "Google tax: US imposes tariffs on India, but with six-month delay")
India likely to hold bilateral talks with US over retaliatory tariffs
Govt assessing potential impact of US decision to raise levies on 40 items
 "India likely to hold bilateral talks with US over retaliatory tariffs")
US imposes tariffs on French, German goods in Airbus-Boeing spat
The USTR did not say when the tariffs would take effect but noted that additional details would be "forthcoming."
 "US imposes tariffs on French, German goods in Airbus-Boeing spat")
Top headlines: Govt may up factory working hours, wind energy loses steam
Fitch expects India's reforms to spur growth, US may slap tariffs on India for taxing internet firms like Google, and more top headlines of the day
 "Top headlines: Govt may up factory working hours, wind energy loses steam")
US violated international trade rules with tariffs on China, says WTO
A panel of three WTO trade experts on Tuesday said the US broke international rules when it imposed tariffs on Chinese goods in 2018
 "US violated international trade rules with tariffs on China, says WTO")
LVMH drops $14.5 billion deal for Tiffany, cites US tariffs threat
Luxury goods giant LVMH is ending its takeover deal of luxury jewellery retailer Tiffany & Co., citing in part the threat of proposed U.S. tariffs on French goods. The Paris-based conglomerate said that it needs more time to assess the impact of the possible U.S. tariffs on French goods and cannot close the deal before year-end. The USD 14.5 billion deal was scheduled to close November 24. Tiffany replied that it's suing to enforce the merger agreement, which was signed in November 2019. The New York company said LVMH's argument has no basis in French law. Tiffany also said that LVMH hasn't even attempted to seek antitrust approval from three jurisdictions.
 "LVMH drops $14.5 billion deal for Tiffany, cites US tariffs threat")
US curbs steel imports from Mexico, Brazil to boost domestic manufacturing
The U.S. Trade Representative's office said it was reducing Brazil's remaining 2020 quota for semi-finished steel imports into the United States to 60,000 metric tons from 350,000 tons
 "US curbs steel imports from Mexico, Brazil to boost domestic manufacturing")
To increase trans-Atlantic market access US, EU announce tariff agreement
As part of the agreement, the US will reduce by 50 percent its tariff rates on certain products exported by the EU
US leaves tariff on Airbus unchanged at 15%, on other European goods at 25%
The United States declared itself in full compliance with WTO findings in May after Washington state abolished aerospace industry tax breaks that largely benefited Boeing.
 "US leaves tariff on Airbus unchanged at 15%, on other European goods at 25%")
US says it will probe India, other countries for digital services taxes
Other countries against whom the investigations might be initiated include Austria, Brazil, the Czech Republic, the European Union, Indonesia, Italy, Spain, Turkey and the United Kingdom
 "US says it will probe India, other countries for digital services taxes")
Tariff on China for mishandling virus outbreak 'certainly an option': Trump
US President Donald Trump said China 'mishandled the situation" after the coronavirus outbreak in its Wuhan city, but refrained from giving a definitive answer on retaliatory measures
 "Tariff on China for mishandling virus outbreak 'certainly an option': Trump")
Covid-19: Trump approves 90-day delay of tariffs for most-favoured nations
The plan would not apply to tariffs on Chinese and European goods subject to Section 301 tariffs or to steel and aluminum subject to Section 232 tariffs
 "Covid-19: Trump approves 90-day delay of tariffs for most-favoured nations")
Airbus says higher tariffs on EU planes will harm US airlines, consumers
The European planemaker said it would continue discussions with its US customers to 'mitigate effects of tariffs insofar as possible'
 "Airbus says higher tariffs on EU planes will harm US airlines, consumers")
US raises tariffs on European aircraft in ongoing dispute over subsidies
The higher aircraft tariff will take effect March 18
 "US raises tariffs on European aircraft in ongoing dispute over subsidies")
It is all about global risk mitigation
Anemic condition, or slowing down factors of different nature, continue to prevail in all major economies
 "It is all about global risk mitigation")
China presses US to drop tariffs on $360 bn of imports before trade deal
Chinese officials also suggested the US could temporarily waive some tariffs, people familiar with Beijing's position said
 "China presses US to drop tariffs on $360 bn of imports before trade deal")