Donald Trump’s 50% steel and aluminium tariffs take effect

Donald Trump’s 50% steel and aluminium tariffs take effect

Mexico says tariffs make ‘no sense’ as Canada seeks negotiations to remove the levies ongoing. In a move that has reignited trade tensions with key allies, United States President Donald Trump has doubled tariffs on steel and aluminium imports. The new rates, which came into effect early on Wednesday, raise duties from 25 percent to … Read more

Biden to block Nippon Steel’s takeover of US Steel, reports say

Biden to block Nippon Steel’s takeover of US Steel, reports say

US president expected to announce decision to block proposed sale of Pittsburgh-based steelmaker as early as Friday. United States President Joe Biden has decided to block the proposed takeover of US Steel by Japan’s Nippon Steel, US media has reported. Biden is expected to announce his decision to scuttle the $14.9bn sale on national security … Read more

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