customs tariffs News — GMK Center https://gmk.center/en/tag/customs-tariffs/ This is an informational-analytical, discussion platform Mon, 04 May 2026 08:59:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://gmk.center/wp-content/uploads/2018/11/android-chrome-256x256-36x36.png customs tariffs News — GMK Center https://gmk.center/en/tag/customs-tariffs/ 32 32 <![CDATA[The EU will respond to Trump’s 25% auto tariffs]]> https://gmk.center/en/news/the-eu-will-respond-to-trump-s-25-auto-tariffs/ Mon, 04 May 2026 08:57:20 +0000 https://gmk.center/?post_type=news&p=123237 The European Union will take the necessary measures to protect its interests if U.S. President Donald Trump imposes new 25% tariffs on cars from the EU. This was reported by Euractiv, citing a European Commission spokesperson. “We remain fully committed to a predictable, mutually beneficial transatlantic relationship. Should the US take measures inconsistent with the […]

The post The EU will respond to Trump’s 25% auto tariffs appeared first on GMK.

]]> <![CDATA[Mexico will require the use of only domestic steel in government projects]]> https://gmk.center/en/news/mexico-will-require-the-use-of-only-domestic-steel-in-government-projects/ Thu, 30 Apr 2026 09:58:40 +0000 https://gmk.center/?post_type=news&p=123138 Mexican President Claudia Sheinbaum announced the introduction of a rule requiring all federal construction projects to use steel exclusively from Mexican companies. This move comes in response to a failed attempt to reach an agreement with the United States on lifting tariffs on Mexican steel products, according to Reuters. In this way, Mexico is attempting […]

The post Mexico will require the use of only domestic steel in government projects appeared first on GMK.

]]> <![CDATA[Trade wars: how Trump’s factor affects the global economy]]> https://gmk.center/en/posts/trade-wars-how-trumps-factor-affects-the-global-economy/ Wed, 04 Feb 2026 07:00:01 +0000 https://gmk.center/?post_type=posts&p=119579 The beginning of 2026 showed that the US is not abandoning tariffs as a tool of trade and political pressure. In January alone, Donald Trump used such threats several times, in particular against a number of European countries and Canada. Against this backdrop, the United States’ major trading partners had to come up with “defense […]

The post Trade wars: how Trump’s factor affects the global economy appeared first on GMK.

]]> <![CDATA[Restrictions on scrap exports in Ukraine: history, current situation, and essence of the problem]]> https://gmk.center/en/posts/restrictions-on-scrap-exports-in-ukraine-history-current-situation-and-essence-of-the-problem/ Thu, 20 Nov 2025 08:41:33 +0000 https://gmk.center/?post_type=posts&p=116280 Since 2015, Ukraine has been trying to stop large-scale scrap exports by imposing export duties, which have risen from €10/ton to €180/ton since then. However, for various reasons, this goal has not always been achieved. Starting in 2026, Ukraine wants to set a zero quota on ferrous scrap exports. GMK Center explains how the situation […]

The post Restrictions on scrap exports in Ukraine: history, current situation, and essence of the problem appeared first on GMK.

]]> <![CDATA[Ukraine urgently needs protection from imports of long rolled products from Turkey and China]]> https://gmk.center/en/opinion/ukraine-urgently-needs-protection-from-imports-of-long-rolled-products-from-turkey-and-china/ Mon, 28 Jul 2025 06:00:15 +0000 https://gmk.center/?post_type=opinion&p=111852 The increase in imports of long rolled products from Turkey and China to Ukraine is beginning to significantly affect the position of domestic producers who manufacture similar products. There is an urgent need to protect the domestic market from these unfair imports, which receive price preferences due to the import of cheap energy and steel […]

The post Ukraine urgently needs protection from imports of long rolled products from Turkey and China appeared first on GMK.

]]> <![CDATA[Prices for Brazilian slabs fell by 5% in June]]> https://gmk.center/en/news/prices-for-brazilian-slabs-fell-by-5-in-june/ Mon, 14 Jul 2025 09:01:21 +0000 https://gmk.center/?post_type=news&p=111358 In June, regional markets saw a predominantly downward trend in slab prices. The key influencing factors remain weak export demand in many regions and US tariff policy. Slab prices on FOB Black Sea terms fell by 5% in June, or $20, to $415/t. At the same time, the market itself remains very active. According to […]

The post Prices for Brazilian slabs fell by 5% in June appeared first on GMK.

]]> <![CDATA[The Potential Impact of Trump’s 50% Steel Tariffs]]> https://gmk.center/en/posts/the-potential-impact-of-trump-s-50-steel-tariffs/ Thu, 12 Jun 2025 06:00:57 +0000 https://gmk.center/?post_type=posts&p=110102 While China holds the most sway over global steel and raw material markets, any major policy shift in the US instantly reveals who truly sets the tone. The actions of these two power centers are nearly impossible to predict, fueling extreme volatility and exposing trading firms to significant losses. The US Market US President Donald […]

The post The Potential Impact of Trump’s 50% Steel Tariffs appeared first on GMK.

]]> <![CDATA[Tata Steel may be left out of the UK-US trade deal]]> https://gmk.center/en/news/tata-steel-may-be-left-out-of-the-uk-us-trade-deal/ Mon, 09 Jun 2025 09:58:41 +0000 https://gmk.center/?post_type=news&p=109991 The UK government is working to prevent the country’s largest steel producer, Tata Steel, from being deprived of duty-free access to the US market under the trade deal between Kier Starmer and Donald Trump. This was reported by The Guardian. British Prime Minister Keir Starmer said last week that he hoped his agreement with the […]

The post Tata Steel may be left out of the UK-US trade deal appeared first on GMK.

]]> <![CDATA[Average Brazilian pig iron prices in May fell by $30/t at once]]> https://gmk.center/en/news/average-brazilian-pig-iron-prices-in-may-fell-by-30-t-at-once/ Thu, 05 Jun 2025 05:00:08 +0000 https://gmk.center/?post_type=news&p=109838 For January-April 2025, average FOB Brazilian pig iron prices increased from $415/t to $450/t, but subsequently declined to $420/t in May. The decline in prices was due to the tightening of US import duties and a change in Brazil’s financial transaction tax rate, which is limiting trading activity. According to Platts, prices are now in […]

The post Average Brazilian pig iron prices in May fell by $30/t at once appeared first on GMK.

]]> <![CDATA[EU promises to respond strongly to possible US tariff hike]]> https://gmk.center/en/news/eu-promises-to-respond-strongly-to-possible-us-tariff-hike/ Sun, 16 Feb 2025 07:09:25 +0000 https://gmk.center/?post_type=news&p=105387 The European Commission (EC) has said it sees no justification for the proposed policy of ‘reciprocal’ trade tariffs to be introduced by US President Donald Trump and promises to respond strongly to tariff increases resulting from this policy. The European Commission said in a statement that the proposed policy is a ‘step in the wrong […]

The post EU promises to respond strongly to possible US tariff hike appeared first on GMK.

]]> <![CDATA[The UK will try to avoid US tariffs on steel and aluminum]]> https://gmk.center/en/news/the-uk-will-try-to-avoid-us-tariffs-on-steel-and-aluminum/ Fri, 14 Feb 2025 10:02:59 +0000 https://gmk.center/?post_type=news&p=105365 The United Kingdom will try to persuade the US government not to impose a new 25% duty on British steel and aluminium, citing their important role in US manufacturing and defence industry. This was stated by UK Business Secretary Jonathan Reynolds, Reuters reports. US President Donald Trump has announced plans to introduce new duties on […]

The post The UK will try to avoid US tariffs on steel and aluminum appeared first on GMK.

]]> <![CDATA[Canada expects $71 million in annual revenue from tariffs on Chinese steel and aluminum]]> https://gmk.center/en/news/canada-expects-71-million-in-annual-revenue-from-tariffs-on-chinese-steel-and-aluminum/ Fri, 06 Dec 2024 10:23:45 +0000 https://gmk.center/?post_type=news&p=103192 Canada is projecting an annual revenue of about C$100 million ($71.4 million) from new tariffs on Chinese steel, aluminum and electric vehicles, parliamentary budget officer Yves Giroux said, Bloomberg reports. Finance Minister Chrystia Freeland announced the tariffs in August of this year, and they came into effect in October. She explained the decision by saying […]

The post Canada expects $71 million in annual revenue from tariffs on Chinese steel and aluminum appeared first on GMK.

]]> <![CDATA[ArcelorMittal Kryvyi Rih faced adjustments to the customs value of imports]]> https://gmk.center/en/news/arcelormittal-kryvyi-rih-also-faced-adjustments-to-the-customs-value-of-imports/ Wed, 16 Oct 2024 12:42:31 +0000 https://gmk.center/?post_type=news&p=101453 ArcelorMittal Kryvyi Rih faced an adjustment in the customs value of imports due to the actions of the customs authorities to accumulate funds for the state budget. This automatically increases the company’s costs. This was stated by Oleg Krykavsky, Director of Government Relations at ArcelorMittal Kryvyi Rih, at the online event “What prevents steel production […]

The post ArcelorMittal Kryvyi Rih faced adjustments to the customs value of imports appeared first on GMK.

]]> <![CDATA[How Ukraine can protect its steel market from imports]]> https://gmk.center/en/posts/how-ukraine-can-protect-its-steel-market-from-imports/ Wed, 27 Mar 2024 07:00:02 +0000 https://gmk.center/?post_type=posts&p=95139 According to OECD estimates, in 2023, global excess steel production capacity reached 610 million tons in annual terms. India and Asian countries are increasing steel production capacity. China produced 1 billion tons of steel in 2023 (54% of global production) and exported more than 90 million tons of steel in 2023. Due to sanctions, Russia […]

The post How Ukraine can protect its steel market from imports appeared first on GMK.

]]> <![CDATA[Turkiye’s Borusan Mannesmann wins Section 232 lawsuit against US]]> https://gmk.center/en/news/turkiyes-borusan-mannesmann-wins-section-232-lawsuit-against-us/ Thu, 09 Feb 2023 09:09:50 +0000 https://gmk.center/?post_type=news&p=78792 Turkiye’s largest steel pipe producer Borusan Mannesmann wins Section 232 lawsuit against US, reports S&P Global. The company said it received $48.9 million in customs receivables from US Customs, including approximately $7.5 million in interest, which will be recorded as income in the consolidated statements. The payout comes after a lengthy lawsuit over Borusan’s supply […]

The post Turkiye’s Borusan Mannesmann wins Section 232 lawsuit against US appeared first on GMK.

]]> <![CDATA[US Court of Appeals upholds tariffs on certain steel products]]> https://gmk.center/en/news/us-court-of-appeals-upholds-tariffs-on-certain-steel-products/ Wed, 08 Feb 2023 14:45:54 +0000 https://gmk.center/?post_type=news&p=78752 The US Federal Court of Appeals upheld the imposition of import duties on certain steel products, overturning a lower court decision, Reuters informs about it. The court decision concerns the import of products such as nails and fasteners. In January 2020, under the Trump administration, they were subject to a 25% customs duty. This was […]

The post US Court of Appeals upholds tariffs on certain steel products appeared first on GMK.

]]> <![CDATA[The situation around Taiwan undermined US plans for tariffs on Chinese goods]]> https://gmk.center/en/news/the-situation-around-taiwan-undermined-us-plans-for-tariffs-on-chinese-goods/ Thu, 11 Aug 2022 11:42:24 +0000 https://gmk.center/?post_type=news&p=69252 China’s military tensions near Taiwan have forced administration officials in the US to reconsider their plans about whether to eliminate some tariffs on Chinese goods or, conversely, impose others. It is reported by Reuters. Joe Biden’s team tried for several months to soften the tariffs on Chinese imports, which were introduced by the previous president, […]

The post The situation around Taiwan undermined US plans for tariffs on Chinese goods appeared first on GMK.

]]> <![CDATA[South Korea begins reviewing customs tariffs on silicomanganese from Ukraine]]> https://gmk.center/en/news/south-korea-begins-reviewing-customs-tariffs-on-silicomanganese-from-ukraine/ Tue, 26 Jul 2022 12:35:08 +0000 https://gmk.center/?post_type=news&p=68431 South Korea’s Ministry of Strategy and Finance is launching the first review of anti-dumping tariffs on ferrosilicomanganese from Vietnam, Ukraine and India. The tariffs expire on November 29, 2022. About this Yieh edition writes. The review will cover the period from January 1, 2021 to December 31, 2021. The period of analysis of losses to […]

The post South Korea begins reviewing customs tariffs on silicomanganese from Ukraine appeared first on GMK.

]]>