Steel Tariffs News - Latest Updates & Headlines
US cites national security to justify steel tariffs to counter India at WTO
New Delhi, April 18: The US has informed the World Trade Organisation (WTO) that the Donald Trump administration's decision to levy tariffs on steel and aluminium, was based on national security grounds and should not be considered as safeguard measures.
US willing to handle tariff talks smoothly with South Korea
Seoul, April 12: The United States has expressed a willingness to handle the tariff negotiations with South Korea and Japan as smoothly as possible, Seoul's Trade Minister Cheong In-kyo said, describing the openness as a key outcome of his visit to Washington.
Hyundai Steel shifts to emergency management mode amid tariff, labour woes
Seoul, March 14: Hyundai Steel said on Friday it has shifted to an emergency management mode in response to growing challenges, including the recent imposition of steel tariffs by the United States and an ongoing strife with unionised workers.
Canada challenges US steel, aluminum tariffs at WTO
Ottawa, March 14: Canada has taken official steps by requesting consultations with the World Trade Organization (WTO) to dispute US import duties on steel and aluminum products from Canada, according to a statement issued by the trade organization.
S. Korea to devise response measures to US tariffs on steel this month
Seoul, March 13: Seoul will come up with a response strategy before the end of this month to deal with the United States' 25 per cent tariff on all steel imports and protect the Korean steel industry, the industry minister said on Thursday.
Trump's steel, aluminium tariffs go into effect; EU, Canada hit back
Washington, March 12: US President Donald Trump's tariffs on steel and aluminium imports from anywhere in the world went into effect on Wednesday morning drawing swift retaliatory levies from the European Union and Canada.
South Korea shifts to emergency response system as US steel tariffs take effect
S: eoul, March 12 (IANS The South Korean government will go into a full emergency response mode as the U.S. tariffs on all steel and aluminum imports went into effect on Wednesday, Seoul's industry ministry said, amid efforts to minimise the impact of new U.S. duties on local industries.
US steel tariffs: India takes key steps to safeguard domestic manufacturers
New Delhi, March 12: The government said it has taken several steps to safeguard the domestic steel manufacturers and to strengthen competitiveness of India's steel industry, as the US announces imposition of 25 per cent tariff on steel and aluminium products on most favoured nation (MFN) basis from March 12.
Trump doubles tariff on imports from Canada
Washington, March 11: US President Donald Trump on Tuesday escalated the trade war with Canada by doubling the tariff on steel and aluminum imports from that country.
Steelmakers vow to work with S. Korean govt to respond to US tariffs
Seoul, March 7: South Korean steel companies said on Friday they will closely cooperate with the government and related agencies to minimise the impact of planned U.S. tariffs on all steel and aluminum imports from next week.
US tariffs on steel sector unlikely to impact India materially: Crisil
New Delhi, Feb 18: The US tariffs on the steel sector are unlikely to impact India because only 2 per cent of the country's total finished steel exports in the first nine months of this fiscal were to the US, Crisil Intelligence said on Tuesday.
Trump signed proclamations to close existing loopholes to restore 25 pc tariff on steel, aluminium: White House
Washington, DC, February 13: US President Donald Trump has signed proclamations to close existing loopholes and exemptions to restore the 25 per cent tariff on steel and raise the tariff on aluminium to 25 per cent, White House Press Secretary Karoline Leavitt said on Wednesday (local time).
Hike in US steel tariffs poses risk for India but offers opportunity too: ICRA
New Delhi, Feb 12: The Trump administration's hike in tariffs on steel imports coming into the US from countries such as Canada, Brazil, the EU and Asian suppliers like Japan and South Korea could cut both ways for India's domestic steel industry, according to an ICRA report released on Wednesday.
South Korea in close talks with local industries for response to US steel tariffs
Seoul, Feb 11: South Korea's industry ministry said on Tuesday it is closely communicating with local businesses and industry leaders to devise ways to minimize the impact from new U.S. tariffs on steel and aluminium imports that will inevitably affect local manufacturers and exporters.
Sensex, Nifty crash as US steel tariffs weigh on markets
Mumbai, Feb 11: The Indian stock market crashed on Tuesday, with the Sensex and Nifty falling over 1.3 per cent in the afternoon trade, as US President Donald Trump formally announced plans to impose 25 per cent tariffs on all steel and aluminium imports.
Trump formally announces 25 pc tariffs on all steel, aluminium imports
Washington, Feb 11: US President Donald Trump has announced plans to impose 25 per cent tariffs on all steel and aluminum imports coming into the United States "without exceptions or exemptions," raising concerns over its ramifications on South Korean and other exporters.
If you charge us, we charge them: Trump announces 25% tariffs on steel, aluminium imports to US
Washington, DC, February 10: United States President Donald announced that new tariffs on all steel and aluminium imports into the country will be revealed on Monday.