trade war News — GMK Center https://gmk.center/en/tag/torgovaya-vojna-en/ This is an informational-analytical, discussion platform Fri, 05 Jun 2026 08:55:42 +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 trade war News — GMK Center https://gmk.center/en/tag/torgovaya-vojna-en/ 32 32 <![CDATA[Canadian steelmakers have called for an end to the tariff war between the US and Canada]]> https://gmk.center/en/news/canadian-steelmakers-have-called-for-an-end-to-the-tariff-war-between-the-us-and-canada/ Fri, 05 Jun 2026 08:54:45 +0000 https://gmk.center/?post_type=news&p=124542 The Canadian Steel Producers Association (CSPA) has called for an end to the tariff war between the US and Canada and for closer cooperation to strengthen North America. This is stated in a corresponding statement from the CSPA. As noted by the industry association, the country’s steel industry has endured a year of 50 per […]

The post Canadian steelmakers have called for an end to the tariff war between the US and Canada appeared first on GMK.

]]> <![CDATA[Trump’s tariffs have significantly reduced steel exports from the EU to the US – EUROFER]]> https://gmk.center/en/news/trump-s-tariffs-have-significantly-reduced-steel-exports-from-the-eu-to-the-us-eurofer/ Thu, 04 Jun 2026 11:05:00 +0000 https://gmk.center/?post_type=news&p=124506 Since the US raised steel tariffs to 50%, exports of steel products from the EU to the US have fallen by a third. This is according to a report by the European Steel Association (EUROFER). In the three quarters since these tariffs were introduced (4 June 2025), this figure has fallen by 34% year-on-year – […]

The post Trump’s tariffs have significantly reduced steel exports from the EU to the US – EUROFER appeared first on GMK.

]]> <![CDATA[The US will impose 25% tariffs on cars if the EU does not approve the trade agreement]]> https://gmk.center/en/news/the-us-will-impose-25-tariffs-on-cars-if-the-eu-does-not-approve-the-trade-agreement/ Thu, 07 May 2026 08:55:56 +0000 https://gmk.center/?post_type=news&p=123376 U.S. Ambassador to the EU Andrew Pazder stated that Washington will impose 25% tariffs on passenger cars and trucks from the European Union “in the near future” if the bloc does not promptly ratify the trade agreement, the review of which has been delayed. This was reported by Bloomberg. “If we don’t see substantial progress, […]

The post The US will impose 25% tariffs on cars if the EU does not approve the trade agreement appeared first on GMK.

]]> <![CDATA[The EU has rejected the US plan to resolve the dispute over steel tariffs]]> https://gmk.center/en/news/the-eu-has-rejected-the-us-plan-to-resolve-the-dispute-over-steel-tariffs/ Fri, 01 May 2026 09:45:05 +0000 https://gmk.center/?post_type=news&p=123208 Germany and France—the EU’s largest economies—are dissatisfied with the U.S. proposal to resolve the tariff dispute over steel and aluminum, which has added uncertainty to the already stalled negotiations on the ratification of the trade agreement. According to Bloomberg, the European Commission is considering possible countermeasures, and the parties have agreed to continue technical consultations. […]

The post The EU has rejected the US plan to resolve the dispute over steel tariffs appeared first on GMK.

]]> <![CDATA[The US has adjusted tariffs on steel, aluminum, and related products]]> https://gmk.center/en/news/the-us-has-adjusted-tariffs-on-steel-aluminum-and-related-products/ Fri, 03 Apr 2026 07:26:46 +0000 https://gmk.center/?post_type=news&p=122230 U.S. President Donald Trump has adjusted tariffs on imports of steel, aluminum, and copper to simplify compliance procedures and prevent the undervaluation of imports. This was announced in a White House statement. According to the document, the U.S. will maintain a 50% import tariff on steel and aluminum under Section 232, but will apply the […]

The post The US has adjusted tariffs on steel, aluminum, and related products appeared first on GMK.

]]> <![CDATA[The EU expects the US to lower tariffs on steel and aluminum products]]> https://gmk.center/en/news/the-eu-expects-the-us-to-lower-tariffs-on-steel-and-aluminum-products/ Wed, 25 Feb 2026 14:06:37 +0000 https://gmk.center/?post_type=news&p=120642 EU representatives believe that the US will soon simplify its broad tariffs on products containing steel and aluminum, Bloomberg reports. This issue is a key obstacle in trade negotiations between the parties, the agency notes. According to sources familiar with the bloc’s position, the Trump administration may reduce the number of goods subject to a […]

The post The EU expects the US to lower tariffs on steel and aluminum products appeared first on GMK.

]]> <![CDATA[US trading partners hope for compliance with agreements reached]]> https://gmk.center/en/news/us-trading-partners-hope-for-compliance-with-agreements-reached/ Mon, 23 Feb 2026 08:46:52 +0000 https://gmk.center/?post_type=news&p=120467 The European Commission is demanding that the United States comply with the terms of the trade agreement between the parties concluded last year after the US Supreme Court overturned Trump’s global tariffs and the latter responded with new duties. This is stated in the institution’s statement on February 22. The EC said that Washington should […]

The post US trading partners hope for compliance with agreements reached appeared first on GMK.

]]> <![CDATA[Trump plans to scrap some tariffs on steel products – FT]]> https://gmk.center/en/news/trump-plans-to-scrap-some-tariffs-on-steel-products-ft/ Fri, 13 Feb 2026 11:01:59 +0000 https://gmk.center/?post_type=news&p=120079 US President Donald Trump plans to lift some tariffs on steel and aluminum products, the Financial Times reported, citing sources familiar with the situation. Officials at the Department of Commerce and the Office of the US Trade Representative believe that tariffs harm consumers by leading to higher prices for certain goods. Last year, Trump imposed […]

The post Trump plans to scrap some tariffs on steel products – FT appeared first on GMK.

]]> <![CDATA[The European Parliament has unblocked a trade agreement with the US under new conditions]]> https://gmk.center/en/news/the-european-parliament-has-unblocked-a-trade-agreement-with-the-us-under-new-conditions/ Wed, 11 Feb 2026 09:37:03 +0000 https://gmk.center/?post_type=news&p=119961 Representatives of political groups in the European Parliament have agreed on the terms of application of the EU-US trade agreement concluded in July 2025, agreeing on the details of the legislation. This was reported by Euronews. The compromise reached by the European Parliament includes a “sunset clause,” according to which EU tariff concessions will expire […]

The post The European Parliament has unblocked a trade agreement with the US under new conditions 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[The United States will reduce tariffs on imports from India to 18%]]> https://gmk.center/en/news/the-united-states-will-reduce-tariffs-on-imports-from-india-to-18/ Tue, 03 Feb 2026 10:21:02 +0000 https://gmk.center/?post_type=news&p=119561 On February 2, US President Donald Trump announced a trade agreement with India that reduces US tariffs on Indian goods from 50% to 18% in exchange for India stopping purchases of Russian oil and reducing trade barriers, Reuters reports. Trump announced the agreement on social media after a conversation with Indian Prime Minister Narendra Modi. […]

The post The United States will reduce tariffs on imports from India to 18% appeared first on GMK.

]]> <![CDATA[The US should not question the trade agreement with the EU – Merz]]> https://gmk.center/en/news/the-us-should-not-question-the-trade-agreement-with-the-eu-merz/ Thu, 29 Jan 2026 10:26:43 +0000 https://gmk.center/?post_type=news&p=119377 German Chancellor Friedrich Merz warned the Trump administration not to question the trade agreement between the US and the EU, signed in July last year. This was reported by DPA. He called for a final decision in this dispute and said that the groundwork has now been laid for the agreement to take effect if […]

The post The US should not question the trade agreement with the EU – Merz appeared first on GMK.

]]> <![CDATA[Trump raises tariffs on imports from South Korea to 25%]]> https://gmk.center/en/news/trump-raises-tariffs-on-imports-from-south-korea-to-25/ Tue, 27 Jan 2026 08:21:50 +0000 https://gmk.center/?post_type=news&p=119240 US President Donald Trump announced an increase in tariffs on goods from South Korea from 15% to 25%. He wrote about this on his social network Truth Social. Trump accused the country’s parliament of delaying the ratification of a trade agreement signed last year. The new tariffs apply to South Korean cars, lumber, pharmaceutical products, […]

The post Trump raises tariffs on imports from South Korea to 25% appeared first on GMK.

]]> <![CDATA[Trump scraps plans for additional tariffs on a number of European countries]]> https://gmk.center/en/news/trump-scraps-plans-for-additional-tariffs-on-a-number-of-european-countries/ Thu, 22 Jan 2026 09:39:52 +0000 https://gmk.center/?post_type=news&p=119048 US President Donald Trump has abandoned plans to impose tariffs on imports from the UK and seven EU member states over their stance on Greenland. He announced this on his social media platform Truth Social on January 21. He explained his decision by saying that he had reached «a framework for a future agreement on […]

The post Trump scraps plans for additional tariffs on a number of European countries appeared first on GMK.

]]> <![CDATA[EU considers €93 billion countermeasures against US amid Trump’s statements]]> https://gmk.center/en/news/eu-considers-e93-billion-countermeasures-against-us-amid-trump-s-statements/ Mon, 19 Jan 2026 09:09:20 +0000 https://gmk.center/?post_type=news&p=118841 The EU is considering far-reaching trade measures, including €93 billion in retaliatory tariffs, to deter Donald Trump from attempting to gain control of Greenland. This was reported by Politico, citing European diplomats and officials. During a meeting in Brussels on January 18, diplomats from 27 governments emphasized the importance of preparing realistic options to counter […]

The post EU considers €93 billion countermeasures against US amid Trump’s statements appeared first on GMK.

]]> <![CDATA[US tariff policy affects Japanese steel industry – JISF]]> https://gmk.center/en/news/us-tariff-policy-affects-japanese-steel-industry-jisf/ Tue, 30 Dec 2025 08:58:28 +0000 https://gmk.center/?post_type=news&p=118373 The Trump administration’s tariff policy is blocking steel trade flows and has a significant impact on Japan’s steel industry, which has a high export ratio. This was announced at a briefing by Tadashi Imai, chairman of the Japan Iron and Steel Federation (JISF) and president of Nippon Steel, according to Mysteel Global. In addition, he […]

The post US tariff policy affects Japanese steel industry – JISF appeared first on GMK.

]]> <![CDATA[German auto industry significantly affected by US tariffs – study]]> https://gmk.center/en/news/german-auto-industry-significantly-affected-by-us-tariffs-study/ Tue, 23 Dec 2025 09:04:35 +0000 https://gmk.center/?post_type=news&p=118095 The German automotive industry has become one of the country’s hardest-hit industries due to US tariffs. This is stated in a new expert report by the Cologne Institute for Economic Research. In the first three quarters of 2025, German automotive exports to the United States fell by almost 14% year-on-year. Under an agreement between Washington […]

The post German auto industry significantly affected by US tariffs – study appeared first on GMK.

]]> <![CDATA[Canada’s Algoma Steel to lay off 1,000 workers due to impact of US tariffs]]> https://gmk.center/en/news/canada-s-algoma-steel-to-lay-off-1-000-workers-due-to-impact-of-us-tariffs/ Tue, 02 Dec 2025 11:17:15 +0000 https://gmk.center/?post_type=news&p=116985 Canadian steel producer Algoma Steel Group will lay off 1,000 employees and close its blast furnace in Sault Ste. Marie, Ontario, to reduce losses caused by US tariffs and ensure its long-term viability, CTV News reports. In early 2026, the company plans to switch to producing steel exclusively in electric arc furnaces (EAF), a year […]

The post Canada’s Algoma Steel to lay off 1,000 workers due to impact of US tariffs appeared first on GMK.

]]> <![CDATA[Canada announces additional protective measures to support steel producers]]> https://gmk.center/en/news/canada-announces-additional-protective-measures-to-support-steel-producers/ Thu, 27 Nov 2025 08:40:27 +0000 https://gmk.center/?post_type=news&p=116714 Canadian Prime Minister Mark Carney announced new measures to support steel producers amid trade tensions and US tariffs. Canada will limit steel imports from countries that do not have a free trade agreement (FTA) with it from 50% to 20% of 2024 levels. At the same time, volumes exceeding the quota will continue to be […]

The post Canada announces additional protective measures to support steel producers appeared first on GMK.

]]> <![CDATA[The US demands «balanced» EU digital rules in exchange for lowering steel tariffs]]> https://gmk.center/en/news/the-us-demands-balanced-eu-digital-rules-in-exchange-for-lowering-steel-tariffs/ Tue, 25 Nov 2025 08:14:16 +0000 https://gmk.center/?post_type=news&p=116543 The US is demanding that the EU adopt more “balanced” regulation of the technology sector in exchange for lowering tariffs on steel and aluminum imports, Reuters reports. At a meeting in Brussels on November 24, EU ministers called on US Trade Minister Howard Luttnik and Trade Representative Jameson Greer to implement the July trade agreement […]

The post The US demands «balanced» EU digital rules in exchange for lowering steel tariffs appeared first on GMK.

]]> <![CDATA[India approves $5 billion in aid for exporters amid US tariffs]]> https://gmk.center/en/news/india-approves-5-billion-in-aid-for-exporters-amid-us-tariffs/ Thu, 13 Nov 2025 13:21:39 +0000 https://gmk.center/?post_type=news&p=115943 India has announced aid measures worth more than $5 billion for its exporters affected by high US tariffs, Bloomberg reports, citing a government statement. The Indian federal government has approved unsecured loans worth 200 billion rupees ($2.3 billion). Another 250.6 billion will be allocated over the next six years as part of a program aimed […]

The post India approves $5 billion in aid for exporters amid US tariffs appeared first on GMK.

]]> <![CDATA[The EU is preparing a new plan to implement the trade agreement with the US]]> https://gmk.center/en/news/the-eu-is-preparing-a-new-plan-to-implement-the-trade-agreement-with-the-us/ Thu, 13 Nov 2025 10:56:29 +0000 https://gmk.center/?post_type=news&p=115921 The European Union intends to propose a plan to the US that provides for the implementation of the next stage of the trade agreement concluded by the parties in the summer. This was reported by Bloomberg, citing sources. This move is a response to proposals that Washington previously sent to Brussels, demanding a legally binding […]

The post The EU is preparing a new plan to implement the trade agreement with the US appeared first on GMK.

]]> <![CDATA[Trump cuts tariffs on imports from China]]> https://gmk.center/en/news/trump-cuts-tariffs-on-imports-from-china/ Thu, 30 Oct 2025 12:34:12 +0000 https://gmk.center/?post_type=news&p=115187 US President Donald Trump announced that Washington will reduce tariffs on imports from China related to fentanyl from 20% to 10%. This reduces the overall combined tariff rate on Chinese goods from 57% to 47%, CNN reports. The announcement came after Trump’s meeting with Chinese leader Xi Jinping. US Trade Representative Jamie Greer added that […]

The post Trump cuts tariffs on imports from China appeared first on GMK.

]]> <![CDATA[Canada to exempt some steel and aluminum from the US and China from tariffs]]> https://gmk.center/en/news/canada-to-exempt-some-steel-and-aluminum-from-the-us-and-china-from-tariffs/ Tue, 21 Oct 2025 09:55:04 +0000 https://gmk.center/?post_type=news&p=114687 Canada has proposed removing tariffs on certain steel and aluminum products imported from the US and China, Reuters reports, citing a government document published late last week. The government is thus seeking to help local businesses that have been affected by trade wars. In an amendment to the order to repeal the additional tax on […]

The post Canada to exempt some steel and aluminum from the US and China from tariffs appeared first on GMK.

]]> <![CDATA[EU pressures the US to cancel tariffs on steel derivatives]]> https://gmk.center/en/news/eu-pressures-the-us-to-cancel-tariffs-on-steel-derivatives/ Wed, 15 Oct 2025 08:41:01 +0000 https://gmk.center/?post_type=news&p=114450 The European Commission is putting pressure on the US to lift tariffs on steel and aluminum products. Brussels is seeking progress on those points of the agreement that have not yet come into force, according to European Commissioner for Trade Maroš Šefčovič, as reported by Reuters. Under the agreement, the parties must consider measures to […]

The post EU pressures the US to cancel tariffs on steel derivatives appeared first on GMK.

]]> <![CDATA[62 countries implemented 207 restrictions against steel products from China]]> https://gmk.center/en/infographic/62-countries-implemented-207-restrictions-against-steel-products-from-china/ Mon, 13 Oct 2025 05:00:45 +0000 https://gmk.center/?post_type=infographic&p=114298 As of early October 2025, 62 countries have introduced trade restrictions on steel imports from China. These actions respond to the state subsidies in China that distort competition and destabilize global steel market. According to OECD estimates, the subsidization rate for Chinese steelmakers (as a share of firm revenues) is about five times higher than […]

The post 62 countries implemented 207 restrictions against steel products from China appeared first on GMK.

]]> <![CDATA[Canada hopes for agreements with the US on steel and energy]]> https://gmk.center/en/news/canada-hopes-for-agreements-with-the-us-on-steel-and-energy/ Wed, 08 Oct 2025 11:15:18 +0000 https://gmk.center/?post_type=news&p=114205 The Canadian government hopes to quickly conclude agreements on tariffs on steel and aluminum, as well as in the energy sector, following a meeting between Prime Minister Mark Carney and US President Donald Trump, Argus Media reports. Carney and Trump agreed to instruct their chief negotiators to agree on sectoral agreements, giving priority to steel, […]

The post Canada hopes for agreements with the US on steel and energy appeared first on GMK.

]]> <![CDATA[The EU plans to reduce steel import quotas and increase tariffs]]> https://gmk.center/en/news/the-eu-plans-to-reduce-steel-import-quotas-and-increase-tariffs/ Wed, 01 Oct 2025 12:03:55 +0000 https://gmk.center/?post_type=news&p=113953 The European Commission (EC) will propose to cut steel import quotas by almost half and raise tariffs on volumes exceeding these levels to 50%, in line with tariffs imposed by the US and Canada. This was reported by Reuters, citing an informed source. The EC will officially present a new package of measures for the […]

The post The EU plans to reduce steel import quotas and increase tariffs appeared first on GMK.

]]> <![CDATA[Tata Steel purchased slabs from British Steel amid US demands]]> https://gmk.center/en/news/tata-steel-purchased-slabs-from-british-steel-amid-us-demands/ Wed, 01 Oct 2025 09:03:39 +0000 https://gmk.center/?post_type=news&p=113933 British Steel sold slabs to its competitor Tata Steel, according to The Guardian. According to industry sources, British Steel’s Scantrop steelworks, currently controlled by the British government, has been supplying slabs to Tata’s plants in South Wales in recent months. Tata Steel was looking for ways to avoid the threat of US steel tariffs. At […]

The post Tata Steel purchased slabs from British Steel amid US demands appeared first on GMK.

]]> <![CDATA[The EU seeks to resume negotiations with the US on steel tariffs]]> https://gmk.center/en/news/the-eu-seeks-to-resume-negotiations-with-the-us-on-steel-tariffs/ Wed, 24 Sep 2025 12:01:06 +0000 https://gmk.center/?post_type=news&p=113707 European Commissioner for Trade Maroš Šefčovič will meet with US Trade Representative Jason Greer to try to resume negotiations on reducing tariffs on steel and aluminum exports, Bloomberg reports. Šefčovič and Greer will meet on the sidelines of the ASEAN ministerial summit in Kuala Lumpur, where the former plans to raise the issue. The European […]

The post The EU seeks to resume negotiations with the US on steel tariffs appeared first on GMK.

]]> <![CDATA[South Korea to offer export guarantee program for steel industry amid US tariffs]]> https://gmk.center/en/news/south-korea-to-offer-export-guarantee-program-for-steel-industry-amid-us-tariffs/ Tue, 23 Sep 2025 07:40:04 +0000 https://gmk.center/?post_type=news&p=113629 The South Korean government will introduce a new export guarantee program for the steel industry amid US tariffs. This was announced by the country’s Minister of Industry Kim Jong-kwan, according to The Korea Times. The official made the announcement late last week during a meeting in Pohang with the heads of the country’s major steel […]

The post South Korea to offer export guarantee program for steel industry amid US tariffs appeared first on GMK.

]]> <![CDATA[The UK has postponed talks with the US on steel tariffs]]> https://gmk.center/en/news/the-uk-has-postponed-talks-with-the-us-on-steel-tariffs/ Wed, 17 Sep 2025 08:29:31 +0000 https://gmk.center/?post_type=news&p=113410 The UK has suspended talks with the US on reducing tariffs on steel and aluminum ahead of Donald Trump’s state visit to the country. This was reported by The Guardian. According to government officials, ministers were ready to finalize an agreement this week that would reduce US tariffs on British steel to zero, but the […]

The post The UK has postponed talks with the US on steel tariffs appeared first on GMK.

]]> <![CDATA[Canada seeks to support the steel sector amid US tariffs]]> https://gmk.center/en/news/canada-seeks-to-support-the-steel-sector-amid-us-tariffs/ Fri, 05 Sep 2025 09:56:48 +0000 https://gmk.center/?post_type=news&p=113017 Canada’s infrastructure development will rely heavily on local steel and aluminum, according to CBC. Transport Minister Chrystia Freeland said this week that leaders in the rail, marine, and shipbuilding sectors have agreed that Canada should prioritize domestic supplies of steel products to strengthen industry and jobs. She spoke to the press outside the ArcelorMittal Dofasco […]

The post Canada seeks to support the steel sector amid US tariffs appeared first on GMK.

]]> <![CDATA[Canadian metallurgists urge government to protect jobs amid US tariffs]]> https://gmk.center/en/news/canadian-metallurgists-urge-government-to-protect-jobs-amid-us-tariffs/ Thu, 14 Aug 2025 13:10:52 +0000 https://gmk.center/?post_type=news&p=112618 Canadian union United Steelworkers (USW) is urging the government to take immediate action to protect jobs, incomes, and supply chains. This is stated in the relevant statement by the USW. According to the statement, more than 20,000 members of the USW are employed in the steel and aluminum production sectors. The tariffs imposed by US President […]

The post Canadian metallurgists urge government to protect jobs amid US tariffs appeared first on GMK.

]]> <![CDATA[The US and China have extended the tariff truce for 90 days]]> https://gmk.center/en/news/the-us-and-china-have-extended-the-tariff-truce-for-90-days/ Tue, 12 Aug 2025 07:09:34 +0000 https://gmk.center/?post_type=news&p=112544 The United States and China on August 11 extended their tariff truce by another 90 days, deferring triple-digit duties on each other’s imports. Reuters reports. U.S. President Donald Trump announced on his Truth Social platform that he had signed an order suspending the introduction of higher tariffs until November 10, while all other elements of […]

The post The US and China have extended the tariff truce for 90 days appeared first on GMK.

]]> <![CDATA[Trade war: what Trump’s tariffs will be]]> https://gmk.center/en/infographic/trade-war-what-trump-s-tariffs-will-be/ Wed, 06 Aug 2025 09:25:09 +0000 https://gmk.center/?post_type=infographic&p=112259 On July 31, US President Donald Trump announced new import tariffs for nearly seven dozen trading partners and the European Union. Most of the new tariffs will take effect on August 7 to give customs and border services additional time to update the Harmonized Tariff Schedule of the United States (HTS). Goods loaded onto ships […]

The post Trade war: what Trump’s tariffs will be appeared first on GMK.

]]> <![CDATA[EU to negotiate with US on steel imports – Merz]]> https://gmk.center/en/news/eu-to-negotiate-with-us-on-steel-imports-merz/ Mon, 04 Aug 2025 06:57:48 +0000 https://gmk.center/?post_type=news&p=112158 The European Union will negotiate with the United States on steel, focusing on quotas under which exports can be made without excessive tariffs. This was announced by German Chancellor Friedrich Merz during a visit to Saarland at the end of last week, according to Ntv. According to Merz, the task now is to work out […]

The post EU to negotiate with US on steel imports – Merz appeared first on GMK.

]]> <![CDATA[Trump increased tariffs for Canada to 35%]]> https://gmk.center/en/news/trump-increased-tariffs-for-canada-to-35/ Fri, 01 Aug 2025 09:44:39 +0000 https://gmk.center/?post_type=news&p=112115 US President Donald Trump increased tariffs from 25% to 35% on all Canadian goods not covered by the USMCA trade agreement from August 1. Goods transported to another country to avoid new tariffs will be subject to a 40% transshipment duty, according to a White House statement. Washington, Reuters notes, partly attributed this move to […]

The post Trump increased tariffs for Canada to 35% appeared first on GMK.

]]> <![CDATA[ArcelorMittal expects $150 million in financial losses from US tariffs]]> https://gmk.center/en/news/arcelormittal-expects-150-million-in-financial-losses-from-us-tariffs/ Thu, 31 Jul 2025 12:48:08 +0000 https://gmk.center/?post_type=news&p=112078 Global mining and steel company ArcelorMittal has raised its forecast for expected financial losses from US tariffs and now estimates them at $150 million in 2025. This is $50 million more than the company predicted in February. In response, the world’s second-largest steel producer is strengthening its manufacturing presence in the US to minimize the […]

The post ArcelorMittal expects $150 million in financial losses from US tariffs appeared first on GMK.

]]> <![CDATA[The US and South Korea have agreed on a trade deal with a 15% tariff rate]]> https://gmk.center/en/news/the-us-and-south-korea-have-agreed-on-a-trade-deal-with-a-15-tariff-rate/ Thu, 31 Jul 2025 07:54:45 +0000 https://gmk.center/?post_type=news&p=112074 The US and South Korea have reached a trade agreement that reduces the US tariff on imports from South Korea to 15% instead of the previously promised 25%. President Donald Trump called the agreement “complete and finished” and said it eases tensions with one of the US’s main trading partners and allies in Asia. This […]

The post The US and South Korea have agreed on a trade deal with a 15% tariff rate appeared first on GMK.

]]> <![CDATA[Spain’s Unesid calls for clarification on EU-US trade agreement]]> https://gmk.center/en/news/spain-s-unesid-calls-for-clarification-on-eu-us-trade-agreement/ Wed, 30 Jul 2025 07:51:04 +0000 https://gmk.center/?post_type=news&p=111998 The Spanish steel association Unesid has called for clarification on the trade agreement between the European Union and the United States, El Conciso reports. The association believes that the agreement reached by the parties continues to harm Spanish companies, as the 50% tariff on steel imports to the United States remains in force. “The agreement […]

The post Spain’s Unesid calls for clarification on EU-US trade agreement appeared first on GMK.

]]> <![CDATA[EU steelmakers criticize trade agreement with the US over 50% steel tariffs]]> https://gmk.center/en/news/eu-steelmakers-criticize-trade-agreement-with-the-us-over-50-steel-tariffs/ Tue, 29 Jul 2025 09:13:46 +0000 https://gmk.center/?post_type=news&p=111950 The European steel industry is in crisis despite the previous trade agreement between the EU and the US. According to the WV Stahl association, 50% tariffs on steel imports to the US remain in place, continuing to harm European exports. WV Stahl CEO Kerstin Maria Rippel emphasizes that the situation remains catastrophic for the European […]

The post EU steelmakers criticize trade agreement with the US over 50% steel tariffs appeared first on GMK.

]]> <![CDATA[New trade agreement with the US does not protect the EU steel sector – EUROFER]]> https://gmk.center/en/news/new-trade-agreement-with-the-us-does-not-protect-the-eu-steel-sector-eurofer/ Mon, 28 Jul 2025 12:55:39 +0000 https://gmk.center/?post_type=news&p=111918 The European Steel Association EUROFER has criticized the new trade agreement between the EU and the US, saying that it does not solve the key problem – 50% tariffs on European steel imports to the US remain in force. According to the association, despite the diplomatic efforts of the European Commission, the EU steel sector […]

The post New trade agreement with the US does not protect the EU steel sector – EUROFER appeared first on GMK.

]]> <![CDATA[The US has imposed a 15% tariff on most goods from the EU]]> https://gmk.center/en/news/the-us-has-imposed-a-15-tariff-on-most-goods-from-the-eu/ Mon, 28 Jul 2025 08:33:59 +0000 https://gmk.center/?post_type=news&p=111884 The EU and the US have reached a new trade agreement that should stabilize economic relations between the world’s two largest economies. This was announced by European Commission President Ursula von der Leyen during a visit to Scotland. The agreement provides for a fixed customs rate of 15% for most goods exported from the EU. […]

The post The US has imposed a 15% tariff on most goods from the EU appeared first on GMK.

]]> <![CDATA[The EU is preparing for swift countermeasures in the absence of an agreement with the US]]> https://gmk.center/en/news/the-eu-is-preparing-for-swift-countermeasures-in-the-absence-of-an-agreement-with-the-us/ Thu, 24 Jul 2025 07:29:15 +0000 https://gmk.center/?post_type=news&p=111772 The EU plans to quickly impose 30% tariffs on US goods worth around €100 billion in the absence of an agreement with the US and to apply this rate to most of the bloc’s exports after August 1, Bloomberg reports. On July 23, a spokesperson for the European Commission said that as part of the […]

The post The EU is preparing for swift countermeasures in the absence of an agreement with the US appeared first on GMK.

]]>