The Steel Industry Gets What It Wants on Tariffs

U.S. steel producers, which prevailed in their push for the Trump administration to impose tariffs on imported steel and aluminum, have also proven equally effective—and far more effective than many other industries—at avoiding tariffs they don’t want. Steel producers petitioned the U.S. Trade Representative in September for relief on 132 tariff lines, primarily for raw…

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Exclusive poll: Most Americans don’t like Trump’s China tariffs

Data: Survey Monkey online poll conducted Sept. 28–30, 2018 among 2,291 U.S. adults. Total margin of error is ±3.0 percentage points. Modeled error estimates: African-American women ±9.0, age 18 to 34 ±6, suburban white women ±6.5, “Never Hillary” Independent voters ±11.0, Rural voters ±5.5. Poll methodology; Chart: Harry Stevens/Axios A narrow majority of Americans think President Trump’s tariffs…

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China Says Trump Administration Is a Trade Bully as New Tariffs Take Effect

China’s State Council accused the Trump administration of being a trade bully and abandoning important communication channels, as a new round of tariffs took effect. In a position paper published by state news agency Xinhua on Monday, the State Council’s information office said the Trump administration was responsible for unwinding 40 years of efforts to…

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China Says No Trade Talks as Long as Trump Threatens More Tariffs

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Energy Gets a Reprieve in China’s Latest Tariffs

In the U.S.-China trade battle that’s targeted everything from soybeans to SUVs, energy has gotten off somewhat easy. In its latest retaliatory measure on Tuesday, China levied tariffs on $60 billion of U.S. goods, including a 10% tariff on liquefied natural gas, or LNG. However, the move fell short of previous proposals for a 25%…

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No-Deal Brexit Could Cost $7 Billion in Car Tariffs, Lobby Says

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China Fires Back at Trump With New Tariffs on $60 Billion

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Wilbur Ross says Americans won’t notice price increases from tariffs

Commerce Secretary Wilbur Ross said on CNBC Tuesday that Americans won’t notice price increases stemming from new tariffs on $200 billion worth of Chinese goods because they’ll be “spread over thousands and thousands of products.” The big picture: The new tariffs, which will start out at a rate of 10% and could increase to 25%…

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China considering skipping trade talks with threat of new U.S. tariffs

Beijing is considering rejecting an offer from the White House for additional trade talks later this month amid reports that the Trump administration plans to impose new tariffs on $200 billion in Chinese goods, The Wall Street Journal reports. The big picture: Treasury Secretary Steven Mnuchin had invited China’s senior economic official Liu He to…

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Steel Workers Demand Higher Pay Raises as Tariffs Lift Profits

Workers at two of the biggest U.S. steelmakers are demanding higher compensation as tariffs on foreign metal push prices and profits to their highest point in years. Leaders for some 30,000 members of the United Steelworkers union say United States Steel Corp. and ArcelorMittal SA aren’t passing those benefits to workers. President Trump has said…

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