Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
✅ Trump reaffirmed that steel and aluminum tariffs will remain in place.
✅ 25% tariff on steel and 10% on aluminum to protect US manufacturing.
✅ Industry reaction mixed amid concerns over rising costs and global trade tensions.
Former US President Donald Trump has reiterated that he has "no intention" of easing the existing tariffs on steel and aluminum imports. Speaking at a business conference in New York, Trump emphasized that the tariffs are essential to protecting American manufacturers and ensuring fair trade practices.
The 25% tariff on steel and 10% tariff on aluminum, imposed during Trump’s previous administration, have been a source of friction with major trading partners, including the European Union and China. Despite growing pressure from industry leaders and global partners, Trump remained firm, stating that lifting the tariffs would undermine US manufacturing and jeopardize jobs.
Industry analysts believe that maintaining the tariffs could lead to higher input costs for US industries but may also shield domestic producers from foreign competition.
Also Read : U.S. Maintains AD Duty on Steel Threaded Rod from China India's Proposed Tariffs Target $7.6 Billion in U.S. Imports
The world’s largest cruise ship is set for its maiden voyage on Saturday, but environmental...
USA 27-Jan-2024
In order to foster innovation and reshape the natural resource management environment in India, Tata...
Large Corporate 01-May-2024
As the Indian government prepares for the interim Budget, steelmakers express their expectations, in...
Construction 31-Jan-2024
Liberty Steel files last-resort restructuring plan. Key creditors oppose; decision pending. 1,500...
Business 22-May-2025
ArcelorMittal warns of global trade issues. Steel prices surge amid supply bottlenecks. Calls for...
Business 30-Apr-2025
According to S&P Global, steelmakers Tata Steel and British Steel are still in discussions with...
Europe 15-May-2024