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trade war - Latest news GMK Center

Photo – EU pressures the US to cancel tariffs on steel derivatives
EU pressures the US to cancel tariffs on steel derivatives

The European Commission believes it has fulfilled its part of the conditions by proposing new protective measures

Photo – 62 countries implemented 207 restrictions against steel products from China
62 countries implemented 207 restrictions against steel products from China

Countries reinforce trade defenses to curb growing Chinese steel exports

Photo – Canada hopes for agreements with the US on steel and energy
Canada hopes for agreements with the US on steel and energy

The leaders of the countries agreed to instruct negotiators to agree on sectoral agreements

Photo – The EU plans to reduce steel import quotas and increase tariffs
The EU plans to reduce steel import quotas and increase tariffs

In this way, the bloc aims to mirror the policies of other jurisdictions, in particular the US

Photo – Tata Steel purchased slabs from British Steel amid US demands
Tata Steel purchased slabs from British Steel amid US demands

The company was looking for ways to avoid the threat of US steel tariffs if quotas were agreed

Photo – The EU seeks to resume negotiations with the US on steel tariffs
The EU seeks to resume negotiations with the US on steel tariffs

The European Commission has proposed that the United States abolish or reduce tariffs within quotas

Photo – South Korea to offer export guarantee program for steel industry amid US tariffs
South Korea to offer export guarantee program for steel industry amid US tariffs

The government promises to continue negotiations with Washington on reducing tariffs

Photo – The UK has postponed talks with the US on steel tariffs
The UK has postponed talks with the US on steel tariffs

Instead, the government is seeking to agree on a permanent guarantee of 25% tariffs

Photo – Canada seeks to support the steel sector amid US tariffs
Canada seeks to support the steel sector amid US tariffs

In particular, the government is once again promising to prioritize Canadian steel and aluminum in infrastructure projects

Photo – Canadian metallurgists urge government to protect jobs amid US tariffs
Canadian metallurgists urge government to protect jobs amid US tariffs

The sectoral trade union emphasizes the need to develop an industrial strategy for the country

Photo – The US and China have extended the tariff truce for 90 days
The US and China have extended the tariff truce for 90 days

The postponement was the expected outcome of the latest round of negotiations in Stockholm

Photo – Trade war: what Trump’s tariffs will be
Trade war: what Trump’s tariffs will be

New tariffs (with certain exceptions) will take effect on August 7, with rates reduced for most countries compared to April

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