GM Posts Higher Profit, Lowers Outlook Amid Steel, Aluminum Costs

Fallout from U.S. steel and aluminum tariffs hit General Motors Co.’s second-quarter earnings, and the nation’s largest auto maker on Wednesday lowered its profit outlook for 2018, saying it expects commodity price pressures to continue. GM said raw-material costs—primarily for steel and aluminum—have increased well beyond what the company expected when it set its profit…

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US hits EU, Mexico and Canada with steel, aluminum tariffs

The United States has said it was moving ahead with tariffs on aluminium and steel imports from Canada, Mexico and the European Union, ending a two-month exemption and potentially setting the stage for a trade war with some of the country’s top allies. Commerce Secretary Wilbur Ross told reporters on a telephone briefing on Thursday that…

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U.S. Plans to Hit EU With Steel, Aluminum Tariffs

WASHINGTON—The Trump administration, unable to win concessions from European Union counterparts ahead of a Friday deadline, is planning to make good on its threat to impose tariffs on European steel and aluminum, people familiar with the matter said. The administration is expected to make an announcement as early as Thursday. The move, which…

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Trump’s midnight test on steel and aluminum tariffs

President Trump tells people he keeps the world guessing with his wild unpredictability. But those who work most closely with him say he’s a one-trick pony in negotiations. The trick: Threaten the outrageous, ratchet up the tension, amplify it with tweets and taunts, and then compromise on fairly conventional middle ground. Read more toggle Show…

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After Weeks of Mayhem, U.S. Throws Lifeline to Aluminum Industry

After two weeks of convulsions caused by U.S. sanctions against United Co. Rusal, the metals market was braced for more mayhem: many traders were betting the Russian aluminum giant was just days away from having to shut plants from Sweden to Jamaica. Then on Monday, the U.S. Treasury threw a potential lifeline by making clear…

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