Steel

The United States is set to double its tariffs on imported steel and aluminum, a decision announced by the White House and signed into effect by President Donald Trump. This latest development takes the levies on both metals from 25% to 50%, marking a significant escalation in the ongoing trade disputes. While tariffs on steel and aluminum from the UK will remain unchanged at 25%, both nations are in discussions to establish duties and quotas aligned with their existing trade agreement. The objective behind this move is to…

US President Donald Trump recently announced plans to elevate tariffs on imported steel and aluminium from 25% to a staggering 50%. This move is poised to exert additional pressure on global steel manufacturers and intensify the ongoing trade conflict. "We are implementing a 25% increase in tariffs," Trump declared at a rally in Pennsylvania, emphasizing the decision's significance for American steelworkers. "This will further secure the steel industry in the United States," he noted. In the vicinity of Pittsburgh, where…

The Future of the American Steel Industry: A Closer Look at Recent Changes in Tariff Policy “We are going to be imposing a 25% increase,” former President Donald Trump declared during a spirited rally at a U.S. Steel plant near Pittsburgh. His words hung in the air like a declaration of war against foreign competition. “We're going to bring it from 25% to 50%, the tariffs on steel into the United States of America, which will even further secure the steel industry in the United States.…

In an impassioned address in parliament last week, UK Business Secretary Jonathan Reynolds did not shy away from expressing his concerns regarding Chinese company Jingye's dealings. He stressed that their actions have not reflected "good faith." "Despite our substantial offer to Jingye, their demands escalated to what I can only characterize as excessive," he asserted in the House of Commons. Back in 2020, Jingye acquired British Steel out of insolvency with a promise of ushering in a "new chapter" for steel production in…

It all started rather humbly with gumball machines. Picture this: me, a college student juggling my studies and a job waiting tables, when I stumbled upon an e-book. Inspired, I took my first small step into the world of business, purchasing gumball machines at around $50 each. An innocent beginning, yet the foundational step that guided me toward a realization. During this initial phase, I encountered an individual who changed my perspective entirely. He was selling full-sized snack and soda machines. With a chuckle, he…

At the NLMK Indiana steel mill, a scene unfolds that is almost mesmerizing; a brilliant dance of light and metal as workers keep a vigilant eye on the steel, melting in an electric arc furnace at a scorching 3,000 degrees Fahrenheit (1,649°C). It's an industrial ballet, unfolding quietly but with relentless fervor. Yet, how will the international trading stage change with the US steel narrative shifting so dramatically? In his bold stride to reconfigure a purportedly inequitable global trade system, President…

In a striking development, U.S. President Donald Trump recently announced plans to impose an additional 25% tariff on all steel and aluminum imports, building upon the existing metal duties already in effect. This decision marks yet another chapter in his ongoing trade policy revisions that have some analysts scratching their heads. While en route to the NFL Super Bowl in New Orleans, Mr. Trump shared this news with reporters aboard Air Force One. He indicated that he would detail these new metals tariffs shortly, perhaps…