EU imposes new tariffs on $23 billion in US goods
Digest more
Top News
Overview
Impacts
European Union member states have voted to approve retaliatory tariffs on $23 billion in goods in response to U.S. President Donald Trump’s 25% tariffs on imported steel and aluminum.
From Houston Chronicle
The European Union will launch countermeasures from next Tuesday against U.S. President Donald Trump’s steel and aluminium tariffs with extra duties on 21 billion euros ($23 billion) of U.S. imports....
From Reuters
Asian shares sank again on Wednesday as the latest set of U.S. tariffs, including a 104% levy on Chinese imports, went into effect.
From U.S. News & World Report
Read more on News Digest
Ancora Holdings Group unveiled a turnaround plan for United States Steel Corp. it estimates would deliver more than $75 per-share in value to shareholders if a takeover by Nippon Steel Corp. falls through.
The centerpiece of President Donald Trump’s America-first economic agenda is reinvigorating the manufacturing industry. But his administration is planning to slash a key program that invests in some of the biggest manufacturing industries in the US,
Trump hit EU imports with a 20 percent tariff on April 2, claiming the EU already had tariff measures against the U.S. that equated to 39 percent. This came after he imposed 25 percent tariffs on auto imports, as well as aluminum and steel.
A US media outlet says a senior official from Japan's Nippon Steel is scheduled to meet with US Commerce Secretary Howard Lutnick on Tuesday over its plans to buy out US Steel.
Explore more
U.S. Steel faces 2024 challenges but aims for stability with mini-mills and strategic growth plans. Read here to know why we are neutral on X stock.
European Commission President Ursula von der Leyen held a call with metals industry representatives on Monday and was speaking to the automobile sector later to discuss how to respond to U.S. tariffs,