His plan sets tiered drug duties tied to domestic production and revises steel, aluminum, and copper import calculations. President Trump issued a proclamation last week imposing new tariffs…
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President Says U.S. Will Control U.S. Steel After Announcing Merger with Nippon
President Trump said the partnership will keep the company and its operations in the U.S. President Donald Trump recently announced a “planned partnership” between U.S. Steel and Nippon…
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U.S. and China Announce Tariff Reduction Amid Trade Negotiations
The 90-day reduction comes after trade officials met in Switzerland. The United States and China issued a joint statement outlining their agreement to reduce retaliatory tariffs for 90…
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U.S. and Canada to Discuss USMCA and Deescalate Tariffs
The commerce secretary had expressed optimism that an agreement would be made. Commerce Secretary Howard Lutnick announced that Canada and the U.S. will be discussing the trade relationship…
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U.S. Treasury Secretary Meets with Australian Treasurer and Ambassador in D.C.
U.S. tariffs primary topic during the first meeting of fiscal leaders. U.S. Treasury Secretary Scott Bessent welcomed Australian Treasurer Jim Chalmers to Washington D.C. for a week of…
Read MorePresident Trump Increases Steel and Aluminum Tariffs
His proclamation prohibits the relabeling of steel originating in China and Russia from being relabeled in Mexico or Canada. President Donald Trump recently released a proclamation to boost…
Read MorePresident Says Nippon Steel to Invest in U.S. Steel Instead of Purchasing
He made the announcement at the White House during the visit with Japanese Prime Minister Ishiba. President Donald Trump announced that Japanese company Nippon Steel will “invest heavily”…
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President Delays Nippon Steel Purchase Dissolution Deadline until June
The extra time allows courts to review legal challenges to his federal order. This week, President Biden’s administration extended the deadline for Nippon Steel to dissolve its $14.9…
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Nippon Steel and U.S. Steel Sue Administration Over Blocked Acquisition
President Biden cited national security as his motivation. Nippon Steel and U.S. Steel have filed federal lawsuits challenging President Biden’s decision to block Nippon’s $15 billion acquisition of…
Read MoreTreasury Official Says Diplomacy Mitigated China Reaction to Tariffs
Under Secretary Shambaugh says talks offered “nuanced understanding” of select tariff increases. Treasury Undersecretary Jay Shambaugh said that China has not reacted negatively to new U.S. tariffs on…
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