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Keyword: steel

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  • Pres. Trump to hold round-table, rally in Duluth

    06/20/2018 4:53:49 AM PDT · by euram · 8 replies
    KARE11 ^ | June 19, 2018 | KARE
    DULUTH, Minn. - President Trump will make his first visit to Minnesota since winning The Oval Office when he holds a rally in Duluth Wednesday night. The White House says President Trump will arrive in Duluth around 4:35 p.m. From there, President Trump will hold a round-table event with about a dozen elected officials as well as representatives from the mining and steel industry. The discussion is billed as "promoting and protecting American workers."
  • Trump's Tariffs Worry A Small Steel City In Pennsylvania

    06/10/2018 1:05:46 PM PDT · by ATOMIC_PUNK · 24 replies
    https://www.npr.org/ ^ | ASMA KHALID | June 8, 20185:00 AM ET
    Dan Moore, a 58-year-old steel mill worker, gives the president an A+ on everything from tax cuts to foreign policy, but he is not so sure about tariffs. "We need tariffs, but when it starts to impact the company where you work ... you're thinking, well wait a minute, time out!" he said. Moore is worried the tariffs might cost him his job. The mill where he works, NLMK Pennsylvania, in the town of Farrell, not far from the border with Ohio, employs 750 workers and is a subsidiary of Novolipetsk Steel, or NLMK, Russia's top steelmaker. But even though...
  • U.S. Steel to restart second furnace in Granite City, hire 300 employees

    06/07/2018 1:28:48 PM PDT · by tcrlaf · 27 replies
    STLToday ^ | 6-6-2018 | Staff
    U.S. Steel Corp. says it will restart the second of two shuttered blast furnaces at its Granite City mill and hire 300 employees. The decision by the Pittsburgh-based company follows a March announcement that it would restart the other blast furnace at the Granite City Works in the Metro East and recall 500 workers. U.S. Steel laid off hundreds of workers when it idled the furnaces in late 2015, with employment at the nearly 2,000 worker plant dipping as low as 100 in the ensuing two years. The company says the restart of the first furnace is in progress and...
  • Steel Tariffs Are Taxing Some American Companies

    06/04/2018 5:33:34 AM PDT · by reaganaut1 · 41 replies
    Wall Street Journal ^ | June 2, 2018 | Andrew Tangel and Ruth Simon
    New tariffs intended to bolster the American steel and aluminum industries are starting to have the opposite effect in a key part of the U.S. supply chain. U.S. steel producers are benefiting from tariffs that make it more expensive for companies to buy the metals overseas. But some U.S. firms that use the metals to make everything from refrigeration parts to wheels say the tariffs have led to higher materials prices that are forcing them to charge more for their products. These firms say that in some cases, customers are turning to foreign suppliers that use cheaper, tariff-free metals to...
  • This Factory Was Ready to Expand. Then Came the Trump Trade Wars.

    06/03/2018 5:40:11 AM PDT · by reaganaut1 · 105 replies
    New York Times ^ | June 1, 2018 | Jim Tankersley
    Andy Marsh’s New York factory is trapped in the Trump trade wars. As Mr. Trump threatens tariffs on America’s economic allies and its adversaries, many of the domestic businesses that the president says his policies are meant to protect are finding themselves victims of his aggressive approach. Prices are rising for imported goods, other nations are erecting retaliatory trade barriers, and companies like Plug Power, the manufacturing business that Mr. Marsh runs outside Albany, are facing crippling uncertainty from Mr. Trump’s fickle approach. It is not the first time Mr. Marsh has felt firsthand the impact of decisions made hundreds...
  • Senseless on Steel

    06/02/2018 7:59:13 AM PDT · by reaganaut1 · 30 replies
    National Review ^ | June 1, 2018
    Originally President Donald Trump’s tariffs on steel and aluminum exempted imports from Canada, Mexico, and Europe. No longer. The administration has broadened the application of its tariffs even as their strategic and economic costs are becoming more apparent. The law gives Trump the authority to impose tariffs to protect national security. These tariffs are, however, an abuse of that law. The Department of Defense has explained that the military needs only 3 percent of our domestic steel and aluminum production, and our largest supplier, Canada, is an ally — albeit one that now has reason to be miffed with us....
  • Trump to slap Canada, Mexico, EU with new aluminum, steel tariffs: Report......

    05/30/2018 7:41:10 PM PDT · by caww · 65 replies
    washingtonexaminer ^ | 5/30/2018 | Diana Stancy Correll
    President Trump is reportedly mulling 'new' aluminum and steel tariffs for Canada, Mexico, and the European Union, a new report claims. The tariffs could be unveiled as early as Thursday and could take effect as soon as Friday, sources familiar with the plan told the Washington Post. Canada, Mexico, and the EU were provided 'temporary exemptions' from the tariffs. The exemptions expire on June 1. The Post reports that Trump is growing angry with the aforementioned countries' unwillingness to give certain concession on trade to the White House.
  • Why Are People Angry About Trump’s Steel Tariffs – And What Do They Mean For Us? ( UK dumping)

    06/01/2018 11:36:17 AM PDT · by tcrlaf · 41 replies
    Huff post UK ^ | 6-1-2018 | Sara Nelson
    The industry body UK Steel said that, with exports to America worth half a billion dollars a year, producers in Britain would be “hit hard”. Employees at the giant Port Talbot steelworks in Wales have described the move as “another body blow.” Mark Turner, who works at Tata, the company that owns the Welsh steelworks, said there is a major worry that the UK steel market will become saturated if other countries subject to the charges end up “dumping” their steel into Britain, pushing prices down. He added: “Our biggest concern is dumping. The American markets are going to be...
  • Trump administration will put steel and aluminum tariffs on Canada, Mexico and the EU

    05/31/2018 6:55:51 AM PDT · by GIdget2004 · 47 replies
    CNBC ^ | 05/31/2018 | Jacob Pramuk
    The Trump administration will put tariffs on steel and aluminum imports from Canada, Mexico and the European Union, the latest action in a string of protectionist policies to crack down on alleged trade abuses. The tariffs of 25 percent on steel imports and 10 percent on aluminum imports will take effect at midnight Thursday, Commerce Secretary Wilbur Ross told reporters. The U.S. gave those allies a reprieve from those duties, but the exemptions were set to expire Friday. The Trump administration will place quotas or volume limits on other countries such as South Korea, Argentina, Australia and Brazil instead of...
  • Trump’s Steel Destruction

    06/01/2018 6:05:22 AM PDT · by reaganaut1 · 88 replies
    Wall Street Journal ^ | May 31, 2018
    So much for Donald Trump as genius deal-maker. We are supposed to believe his tariff threats are a clever negotiation strategy, but on Thursday he revealed he’s merely an old-fashioned protectionist. His decision to slap tariffs on steel and aluminum imports from Europe, Canada and Mexico will hurt the U.S. economy, his own foreign policy and perhaps Republicans in November. In March Commerce Secretary Wilbur Ross dangled temporary exemptions to 25% steel and 10% aluminum tariffs to extort trade concessions from U.S. allies. Mr. Ross withdrew the exemptions on Thursday, saying the U.S. “was unable to reach satisfactory arrangements” with...
  • Canada announces retaliatory tariffs

    05/31/2018 11:00:29 AM PDT · by DCBryan1 · 143 replies
    CNBC ^ | 31 MAY 18 | Kevin Breuninger | @KevinWilliamB
    Canada will retaliate against new U.S. tariffs by imposing its own trade barriers on U.S. steel, aluminum and other products, Canadian Foreign Minister Chrystia Freeland said Thursday. This story is developing. Please check back for updates.
  • Democrats Mistakenly Tweet 2014 Pictures From Obama’s Term Showing Children In Steel Cages

    05/29/2018 4:42:04 AM PDT · by Enlightened1 · 33 replies
    POTUS via Twitter ^ | 05/29/18 | Donald J. Trump
    Democrats mistakenly tweet 2014 pictures from Obama’s term showing children from the Border in steel cages. They thought it was recent pictures in order to make us look bad, but backfires. Dems must agree to Wall and new Border Protection for good of country...Bipartisan Bill! We have put a great team together for our talks with North Korea. Meetings are currently taking place concerning Summit, and more. Kim Young Chol, the Vice Chairman of North Korea, heading now to New York. Solid response to my letter, thank you! “This investigation involved far more surveillance than we ever had any idea...
  • Federal Suit Hits Soros for $10 Billion for ‘Political Meddling, Motivated Solely by Malice’

    05/27/2018 9:38:25 PM PDT · by ATOMIC_PUNK · 20 replies
    https://thedailybrexit.blogspot ^ | Posted by Editor at 02:29
    FOX News reports the 86-year-old financier and manager of a global network of nonprofits will be forced by BSG Resources’ lawsuit to answer for manipulating the politics and economics of Guinea for his own benefit Despite Soros’ often contentious dealings and reputation as a pompous busybody, the filing in New York Federal Court has thus far largely escaped the spotlight. Soros, who controls a web of international nonprofits in addition to his vast financial empire, used his sway with the government of Guinea to freeze Israeli company BSG Resources out of the West African nation’s lucrative iron ore mining contracts,...
  • EU proposes 25% ‘climate quota’ in new long-term budget

    05/02/2018 9:02:04 AM PDT · by Oldeconomybuyer · 8 replies
    EURACTIV ^ | May 2, 2018 | By Frédéric Simon
    The clean energy transition and other initiatives to decarbonise Europe’s economy will represent 25% of EU spending under a seven-year EU budget plan put forward by the European Commission on Wednesday (2 May). Another key aspect is whether the EU will commit to stop funding fossil fuel projects like gas pipelines, which environmentalists claim risk locking Europe into unnecessary infrastructure. “I’m not sure it’s reached the upper layers of the Commission yet,” Gaventa said. Other parts of the budget could prove controversial, like a proposal to allocate 20% of revenue from carbon trading to the EU budget, as well as...
  • German minister: EU should not risk trade war with US over tariffs dispute

    04/30/2018 9:51:16 PM PDT · by Olog-hai · 8 replies
    Deutsche Welle ^ | 04.29.2018 | amp/cmk (dpa, Reuters)
    German Economy Minister Peter Altmaier on Sunday warned the European Union against sparking a trade war with the US in the dispute over US tariffs on steel and aluminum. “I’m of the opinion that neither the US nor the Europeans should risk a trade war,” said Altmaier during a talk show on German public broadcaster ARD. He warned that the trans-Atlantic relationship was at stake. […] Altmaier, who is a member of German Chancellor Angela Merkel’s conservatives (CDU/CSU), said the EU should try to solve the tariff dispute, along with other trade disagreements, in a comprehensive US-EU deal. Earlier, the...
  • Trump tariffs drive 'record sales' at largest US metals processor...

    04/26/2018 6:49:42 PM PDT · by caww · 4 replies
    Washington Examiner ^ | 4/26/2018 | Joe Williams
    The nation’s top metals processor says business has surged following the Trump administration's tariffs on steel and aluminum imports. “Improved demand, a limited amount of customer pre-buying as a result of announced tariffs, and normal seasonal patterns" pushed first-quarter shipments up 10 percent from a year earlier, yielding a record quarterly sales volume of 1.6 million tons, 'Reliance Steel & Aluminum Co.' said Thursday. 'Union Pacific' on Thursday reported first-quarter net income of $1.3 billion on Thursday. Revenue for the first three months of the year was $5.5 billion, up 7 percent from the same time period in 2017.
  • China's Reform Pledges Fail to Impress

    04/21/2018 5:20:50 AM PDT · by cba123 · 1 replies
    VOA ^ | April 20, 2018 8:40 AM | Joyce Huang
    BEIJING — China has made a series of market opening pledges over the past week, but analysts said the moves are unlikely to help Beijing and Washington take any steps toward resolving their differences or advance negotiations. Instead, frustrations are growing as punitive trade actions pile up. China has pledged specific steps to open up its financial and insurance sector with milestones set for June and again before the end of this year. It has also addressed a key concern of President Donald Trump, pledging to significantly cut 25 percent tariffs on automobile imports this year. Beijing also says that...
  • New ideas to make Democrats the party of the future

    04/22/2018 9:37:27 AM PDT · by yesthatjallen · 22 replies
    The Hill ^ | 04/22/18 | Winston Fisher and Jim Kessler
    In the latest “believe it or not” moment, farmers are experimenting with collars for cows equipped with GPS and electronic signaling that would eliminate the need for fencing and herding. American farmers spent $300 million last year on fencing. To policymakers concerned about the creation of jobs, did anyone see farm fencing falling to the veracious appetite of disruption? The Republican Party, led by Donald Trump, is unabashedly lurching backwards. The tax bill was straight out of the supply side 1980s. The steel tariffs are from the Smoot-Hawley 1930s. Democrats are, understandably, mostly in opposition mode. But the world is...
  • IMF chief urges policymakers to steer clear of all protectionist measures.......

    04/20/2018 7:13:08 AM PDT · by caww · 11 replies
    Xinhua ^ | 4/20/2018 | Editor: Lifang
    Christine Lagarde, Managing Director of the International Monetary Fund (IMF), on Thursday urged policymakers to steer clear of all protectionist measures amid rising trade tensions between the United States and its major trading partners. "Trade restrictions have not been proven helpful and we suspect that they might even dent confidence," Lagarde said at a press conference during the spring meetings of the IMF and the World Bank, adding all countries should "work together to resolve disagreements without using exceptional measures." The spring meetings of the two leading international financial institutions come after the Trump administration recently announced additional tariffs on...
  • Trump Walks Back Pro-TPP Remarks, Touts Bilateral Deals

    04/19/2018 6:56:23 AM PDT · by WisconsinRep · 10 replies
    The New American ^ | 19 April 2018 | Alex Newman
    After suggesting last week that the U.S. government would seek to rejoin the sovereignty-shredding Trans-Pacific Partnership (TPP), President Donald Trump took to social media on April 18 to slam the controversial “free trade” regime that he once described as the “rape of our country.” Instead, Trump is seeking a bilateral agreement with remaining Pacific-rim governments such as Japan. Grassroots conservatives celebrated the announcement. But establishment voices were less than happy about it. Writing after a meeting at his Mar-a-Lago estate with Japanese Prime Minister Shinzo Abe, Trump suggested he was still opposed to TPP and preferred a bilateral trade deal...