steel and aluminum News

Fed's Cook Warns: Rising Tariffs Could Fuel Inflation Across Key Industries

Federal Reserve Governor Lisa Cook warns that tariffs by the Trump administration could lead to broader inflationary effects, impacting industries like steel, aluminum, and motor v...

EU Prepares Strategic Response to US Tariffs, Awaits Trump's Announcement

The European Union plans a strategic response to US tariffs, with separate measures for steel and aluminum and other levies. Uncertainty over Trump's announcement complicates impac...

Ebrard and Lutnick Set for Crucial Tariff Talks: A Turning Point for US-Mexico Trade Relations?

Mexican Economy Secretary Marcelo Ebrard meets with US officials to discuss US tariffs on Mexican imports, focusing on steel and aluminum. Mexico considers its response, emphasizin...

Canada Strikes Back: Imposes Retaliatory Tariffs on US Goods Amid Trade Tensions

Canada has announced retaliatory tariffs on $20.7 billion worth of US goods, including steel and aluminum, in response to US trade measures. Canadian Foreign Minister Melanie Joly ...

Mexico Delays Tariff Decision Until April 2 Amid US Trade Tensions

Mexico delays its decision on responding to US tariffs on steel and aluminum until April 2, aiming for dialogue and hoping to avoid reciprocal tariffs under the existing trade agre...

Canada Strikes Back: Imposes Retaliatory Tariffs on US Goods Amid Trade Tensions

Canada announces retaliatory tariffs on US goods, including steel and aluminum, in response to Trump administration's trade measures. Canadian Foreign Minister Melanie Joly emphasi...

EU Strikes Back with €26 Billion Countermeasures Against US Tariffs

The European Commission has announced countermeasures worth up to €26 billion against US tariffs on steel and aluminum, effective from April. The EU aims to protect its consumers a...

Escalating Trade Tensions Fuel Over 1% Surge in Global Oil Prices

Crude oil prices surged over 1% amidst escalating trade tensions between the US and EU, following the enforcement of US tariffs on steel and aluminum imports and the EU's retaliato...

EU Strikes Back: Imposes 26 Billion Euros in Retaliatory Tariffs on U.S. Goods Starting April

The European Union has announced retaliatory tariffs on U.S. goods worth 26 billion euros, responding to U.S. tariffs on steel and aluminum. This move aims to protect European indu...

Asia-Pacific Markets React Variably to Trump's Steel and Aluminum Tariffs Amid Economic Data

Asia-Pacific markets showed mixed reactions to Trump's new tariffs on steel and aluminum, with Japan reporting an increase in producer prices. South Korea's Kospi surged, while Aus...

Dow Jones Plummets Over 670 Points Amid Escalating US-Canada Trade War

The Dow Jones Industrial Average tumbled over 670 points following President Trump's decision to double tariffs on Canadian steel and aluminum, escalating US-Canada trade tensions....

Ontario Premier Vows Resilience in Face of Escalating Trade War with US

Ontario Premier Doug Ford emphasizes Canada's determination not to yield in the ongoing trade war with the US, following President Trump's decision to double tariffs on Canadian st...

Mexico Plans Diplomatic Push Against US Steel and Aluminum Tariffs

Mexican President Claudia Sheinbaum announces a plan to communicate with the White House, aiming to reverse the US's 25% tariff on steel and aluminum imports by highlighting the US...

EU Stands United: Protecting Local Metals from Rising US Tariffs

The European Union, led by the Polish Presidency, is determined to protect its steel and aluminum sectors from US tariff increases. The EU seeks to maintain cooperation with the US...

Mexico to Challenge US Steel and Aluminum Tariffs with Economic Facts

Mexican President Claudia Sheinbaum plans to challenge US President Donald Trump's tariffs on steel and aluminum imports by highlighting the US's own economic surplus in these sect...

Oil Prices Dip Over 1% Amid U.S. Tariff Threats on Steel and Aluminum

Oil prices dropped over 1% as U.S. tariffs on steel and aluminum imports raise concerns over reduced demand. Economists and industry leaders warn of potential negative impacts on g...

Mexico Challenges US Steel and Aluminum Tariffs: A Strategic Move by President Sheinbaum

Mexican President Claudia Sheinbaum is set to challenge US President Trump's tariffs on steel and aluminum imports, arguing that the US benefits more from exports to Mexico. The mo...

Global Oil Prices Dip Over 1% Amid Fears of U.S. Tariffs Impacting Demand

Oil prices fell over 1% as new U.S. tariffs on steel and aluminum imports raise concerns over reduced demand, with economists and industry leaders warning of potential impacts on t...

Mexico Challenges US Steel and Aluminum Tariffs: A Strategic Move Against Trump's Policies

Mexican President Claudia Sheinbaum plans to challenge US President Donald Trump's tariffs on steel and aluminum imports, arguing they are not beneficial for the US due to its trad...

Asia-Pacific Markets React to Trump's New Steel and Aluminum Tariffs

Asia-Pacific stock markets showed mixed reactions following President Trump's announcement of new tariffs on steel and aluminum imports. Australia and South Korea saw slight gains,...

Global Oil Prices Surge Amidst New US Tariff Announcement on Steel and Aluminum

Crude oil prices surged over 1% following the US announcement of new tariffs on steel and aluminum imports, prompting warnings of countermeasures from global leaders and immediate ...

Wall Street Dips as Investors React to Trump's New Metal Tariffs and Await Earnings Reports

Wall Street opened lower as investors reacted to President Trump's new tariffs on steel and aluminum imports, with major indices and stocks experiencing declines. Attention now tur...

Asia-Pacific Markets React Differently to Trump's New Steel and Aluminum Tariffs

Asia-Pacific stock markets showed mixed reactions after U.S. President Donald Trump imposed new tariffs on steel and aluminum imports. Australia and South Korea saw gains, while Ho...

Global Oil Prices Surge Over 1% Amid U.S. Tariff Announcement

Crude oil prices jumped over 1% as U.S. President Donald Trump's new tariffs on steel and aluminum imports prompted global concerns and potential countermeasures, affecting interna...

Wall Street Dips as Trump's Metal Tariffs Stir Market Uncertainty

Wall Street opened lower as President Trump's tariffs on steel and aluminum imports create market uncertainty. Investors are awaiting earnings reports from DoorDash, Lyft, and AIG,...

European Markets React to Global Tariffs: A Mixed Premarket Analysis

European stock markets experienced mixed reactions in premarket trading due to new global tariffs on steel and aluminum. UniCredit reported a revenue increase, while Kering faced a...

European Markets Navigate Through Tariff Tensions: A Prelude to Economic Shifts

European stock markets showed mixed reactions in premarket trading as global tariffs on steel and aluminum loom, with key economies monitoring potential impacts. Corporate updates ...

Asian Markets React to New US Tariffs: A Comprehensive Analysis

Asian stock markets mostly declined as investors reacted to new US tariffs on steel and aluminum imports, alongside China's retaliatory tariffs. South Korea's Kospi rose, while Hon...

Global Markets React: Oil Prices Surge 1% Amid New US Tariffs Announcement

Crude oil prices surged over 1% following US President Trump's new tariffs on steel and aluminum imports, prompting warnings of countermeasures from global leaders including the EU...

Asia-Pacific Markets React Differently to Trump's New Steel and Aluminum Tariffs

Asia-Pacific stock markets showed mixed reactions to President Trump's new 25% tariffs on steel and aluminum imports, with some markets experiencing slight gains while others saw d...

Global Oil Prices Surge Amidst New US Tariffs on Steel and Aluminum

Crude oil prices surged over 1% following President Trump's new tariffs on steel and aluminum imports, prompting international criticism and warnings of countermeasures from world ...

US Markets Rally Premarket Following Trump's New Tariff Announcement on Steel and Aluminum

US stocks saw a premarket rally following President Trump's announcement of new tariffs on steel and aluminum imports, with US Steel shares jumping 11%. Gold hit a record high of $...