Steel News

We strive to let you one step ahead of the market.

US President Trump may raise tariffs to 25% on May 10

6 May 2019 16:35 reported by Claude Tseng

A A A
Last year, the president of the US, Donald Trump, determined the imported steel products have threaten the domestic steel industry, so he decided to impose a 25% tariff on steel imports, under Section 232 of the Trade Expansion Act.

However, the China-US trade negotiation didn't have a stalemate. The US President Trump tweeted a serious warning to China on May 5th. He said that due to the slow progress of the US-China agreement, China is trying to renegotiate.

He will decide to raise from the original 10% tariff to 25% for goods exported to the US. The remaining untaxed Chinese imports might have a tariff rate up to 25% soon on May 10th.

Back to Steel News

Related News

EEC makes final AD ruling on seamless pipe imports from China

  • Government policies
  • 20 Sep 2019 13:13

Donald Trump: Strengthen sanctions against Iran

  • Government policies
  • 19 Sep 2019 15:14

Kingdom of Saudi Arabian authority advises to invest in steel industry

  • Government policies
  • 19 Sep 2019 13:37

South Korean decides to remove Japan from its trade white list

  • Government policies
  • 19 Sep 2019 11:28

Philippine announces to suspend four nickel mining area, hits nickel supply strongly

  • Government policies
  • 19 Sep 2019 08:53

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,298.00
  • 2,297.00
  • Aluminum
  • 1,762.00
  • 1,790.00
  • Copper
  • 5,758.00
  • 5,785.00
  • Nickel
  • 17,250.00
  • 17,110.00

Learn more

Coil Exchange Center

  • 2B Coil-Oct
  • 2,650
  • 2,510
  • NO1 Coil-Oct
  • 2,600
  • 2,460
  • 2B Coil-Oct
  • 2,650
  • 2,510
  • NO1 Coil-Oct
  • 2,600
  • 2,460

Learn more