Despite global uncertainty over a potential economic recession, global aluminum supply will continue to be under pressure by high demand through this year, according to executives at top U.S. producer Alcoa Corp. “European smelters and more recently one smelter in North America have cut capacity due to higher energy prices,” CEO Roy Harvey said on…
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U.S. Agrees to Lift Steel, Aluminum Tariffs on Canada, Mexico
The United States on Friday agreed to lift steel and aluminum tariffs imposed on North American trading partners Canada and Mexico, removing one major impediment to enacting the Trump administration’s proposed United States Mexico Canada Agreement (USMCA).
Trilateral Trade Agreement Signed, But Faces Uncertain Future
After months of negotiations, President Trump, Canadian Prime Minister Justin Trudeau and Mexico’s then-president, Enrique Peña Nieto, on Friday signed a new trilateral trade agreement on the sidelines of the G-20 summit in Buenos Aires, Argentina.
Trilateral Trade Deal Still Facing Uncertain Future for U.S., Canada and Mexico
After months of negotiations, President Trump, Canadian Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto on Friday signed a new trilateral trade agreement on the sidelines of the G-20 summit in Buenos Aires, Argentina.
Texas Governor Berates Trump Over Tariffs
Republican Gov. Greg Abbott of Texas, a supporter of President Trump, on Thursday said the administration’s new tariffs on steel and aluminum imports could threaten future economic growth in the state and across the country.
API’s Gerard Warns Tariffs ‘Not Good’ For Oil & Gas Industry; Mexico Strikes Back
Mexico’s plans to retaliate against the Trump administration for its decision last week to impose tariffs on steel and aluminum imports started to come into focus Tuesday.
Mexico Files WTO Complaint on Tariffs; Trump Said Considering Bilateral NAFTA Negotiations
Mexico said it would follow the European Union’s (EU) lead and file legal proceedings with the World Trade Organization (WTO) over the Trump administration’s decision last week to impose tariffs on steel and aluminum imports.
White House Extends Steel, Aluminum Tariff Negotiations Another 30 Days
One day before controversial new tariffs on steel and aluminum imports on several U.S. allies were to take effect, the Trump administration on Monday extended trade negotiations with Canada, Mexico and the European Union (EU) for another 30 days.
White House Exempts Allies from Steel, Aluminum Tariffs
In the final hours before new tariffs on steel and aluminum imports were to take effect, the White House late Thursday issued a trio of proclamations to fine tune the tariffs, exempting several allied nations with whom negotiations were ongoing.
Commerce Outlines Procedure For Oil, Gas Industry to Request Tariff Exemptions
After garnering feedback from many circles, including the oil and natural gas industry, the Trump administration outlined a procedure for requesting an exemption to its recently announced tariffs on steel and aluminum imports, and began accepting such requests on Monday.