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President Trump’s sweeping tariffs on foreign steel and aluminum went into effect on Wednesday, inviting immediate retaliation from the European Union and escalating tensions with other trading partners reeling from his on-and-off approach to steep trade penalties. Mr. Trump’s tariffs of 25 percent hit metal imports from every country that sells steel and aluminum to…
European Union leaders have been clear that they want to negotiate with the United States on trade to avoid a full-blown conflict. But with no deal in sight, officials announced a plan on Wednesday that is meant to hit back hard as steel and aluminum tariffs come into effect. President Trump has imposed 25 percent…
President Trump’s sweeping tariffs on foreign steel and aluminum went into effect on Wednesday, escalating America’s trade spats with global competitors, including close allies already reeling from his on-and-off approach to trade penalties. Mr. Trump’s tariffs of 25 percent on the metals hit imports that enter the United States from any country in the world….
President Trump’s promise during last year’s election to make it far easier to drill for oil and gas thrilled energy executives who believed his policies would lower their costs and help them make a lot more money. Those hopes are now fading. Thanks to Mr. Trump’s tariffs, the oil and gas industry is contending with…
Nations targeted by President Trump’s tariffs on steel and aluminum decried the measures as unfair Tuesday and threatened to retaliate in a growing trade dispute that threatens to further roil economic markets and strain the United States’ relations with major allies. Prime Minister Justin Trudeau of Canada, the United States’ biggest supplier of both metals,…
Follow live updates on Trump’s tariffs and executive orders. The 25 percent tariffs President Trump imposed on Monday on all U.S. imports of steel and aluminum will primarily hit American allies, but at their heart they strike at his longtime nemesis: China. The top five suppliers of steel to the American market in January were…
President Trump is poised to move forward with sweeping tariffs on foreign steel and aluminum on Monday, re-upping a policy from his first term that pleased domestic metal makers, but hurt other American industries and ignited trade wars with allies on multiple fronts. The 25 percent tariffs that the president said he would impose on…
President Trump said on Friday that Nippon Steel was planning to make a major investment in U.S. Steel after the Biden administration moved to block the Japanese company’s $14 billion takeover bid last month on the basis that it was a threat to national security. Such an investment, if it moves forward, could be a…
A possible new takeover bid for U.S. Steel emerged on Monday, teeing up more turmoil over the once-dominant company’s future after President Biden’s decision to block its acquisition by a Japanese company. Lourenco Goncalves, the chief executive of an American competitor, Cleveland-Cliffs, said his company had “an All-American solution to save the United States Steel…
U.S. Steel and Japan’s Nippon Steel sued the United States government on Monday in a last-ditch attempt to revive their attempted merger after President Biden blocked it last week on the basis that the transaction posed a threat to national security. The lawsuit, filed in a federal court in Washington, accused Mr. Biden and other…
