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UK, US reach quick trade deal to cut car and steel tariffs
May 2025 · London/Washington – The UK and the US reached a quick trade deal this week, focusing on reducing tariffs in the automotive and steel industries, marking a key step in…
UK officials warn of massive layoffs in auto and steel industries if no deal is reached
British government officials recently said that if the relevant trade agreement cannot be reached in time, domestic automakers and steel companies will face severe shocks, and may even lead to large-scale layoffs…
US-India trade agreement is expected to be reached, India proposes mutual exemption of tariffs in steel and other industries
According to multiple sources, the United States and India are in intensive consultations on a bilateral trade agreement (BTA). India has proposed a proposal to exempt tariffs in key industries such as…
EU steel exports to the US dropped by 1 million tons, resulting in losses of 2 billion euros
According to the latest trade statistics, due to the continued impact of the US tariff policy, the EU’s steel exports to the US in 2024 fell sharply compared with the previous year,…
US to Make Automakers Pay Higher of Steel or Auto Tariffs, Commerce Secretary Says
U.S. Commerce Secretary Ruthnick announced a new policy that will require automakers to pay either the steel tariff or the auto tariff—whichever is higher. Speaking at a press conference on Tuesday, Ruthnick…
A quick overview of steel industry news last week (April 21-27, 2024)
The British government took over British Steel to ensure the operation of the Scunthorpe plant. On April 12, the British government passed the Steel Industry (Special Measures) Act, urgently taking over British…
Indian government expects significant reduction in steel imports from South Korea and Japan after imposing temporary tariffs
Indian government sources said steel imports from China, South Korea and Japan are expected to slow down after a temporary safeguard tariff of 12% was imposed on some steel products. The tariff,…
India Will Play Key Role in Global Steel Decarbonization: World Steel Association
A senior executive from the World Steel Association recently stated that India will play an essential role in the global decarbonization of the steel industry. As India pursues its ambitious goal of…
India takes action against Chinese steel, will the trade war heat up again?
On April 21, 2025, the Indian Ministry of Finance announced a temporary tariff of 12% on some imported steel products. The policy will take effect immediately and will be valid for 200…
Analysis of the impact of tariff policy adjustment on the competitiveness of Korean steel companies in the US market
The US policy adjustment of imposing a 25% tariff on imported steel products has had a multi-faceted negative impact on the competitiveness of Korean steel companies in the US market:Decrease in cost…
What impact will the adjustment of tariff policies have on the competitiveness of Korean steel companies in the US market?
The US policy adjustment of imposing a 25% tariff on imported steel products has had a multi-faceted negative impact on the competitiveness of Korean steel companies in the US market:Decrease in cost…
Transformation and upgrading of steel logistics: a new driving force for industrial restructuring
Steel logistics plays a key role in connecting production and consumption in the steel industry. Its transformation and upgrading supports the structural adjustment of the steel industry in the following aspects:Optimize resource…