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Absent IEEPA, there would need to be some kind of agency action first before any trade remedy tariffs can be imposed … but everything seems to be on the fast track,
At the international level, there’s something like 5,000 different descriptions at the 6-digit (product subheading) level, so 5,000 times 186 nations. It’s almost an artificial intelligence project,
For example, if Colombia has a high tariff on coffee in order to protect its industry, we would put a high tariff on Colombian coffee to match theirs, even though we don’t grow coffee. The only people hurt would be U.S. consumers,
President Trump has taken a sledgehammer to free trade, with huge ramifications for the steel sector in the UK and across the world
UK Steel director-general Gareth Stace said If President Trump offered to cancel the tariff on steel imports in return for the UK throwing in the dustbin the appalling Chagos giveaway deal, would the Government agree?
In the Commons, he asked Mr Alexander Steel is an important inflow into production
However, the organisation’s interim director Stephen Millard cautioned against retaliation, saying What British industry needs and deserves is not a knee-jerk reaction, but a cool and clearheaded sense of the UK’s national interest based on a full assessment of all the implications of the US actions.
I strongly believe a deal can be done.
Asked about the steel row yesterday, Chancellor Rachel Reeves yesterday said In any case, the announced tariffs will harm American producers and consumers in the end,
said Drago Patrlj, Croatian political analyst I hope we can avoid the misguided path of tariffs and counter-tariffs, as trade wars ultimately come at the expense of prosperity on both sides,
If the U.S. leaves us no other choice, the EU will respond with a united position,
he said in a speech to the Bundestag on Tuesday It is worth doing everything to avoid unnecessary trade and customs wars, because this brings negative consequences for producers and consumers,
Tusk said before a government meeting History shows that unilateral tariffs often provoke retaliatory measures, disrupting supply chains and undermining economic stability,
Hochschild noted, emphasizing that trade disputes The major companies in Australia are majority held by, the largest shareholder, is China,
The damage will extend beyond just the steel and aluminum sectors, impacting all businesses that rely on these materials throughout the supply chain,
Foreign customers are shifting their supply chains away from U.S. producers. Once removed, especially for smaller, family-owned businesses, it is difficult to regain that lost business,
We have to respond. We can’t just do nothing,
said one EU diplomat, who like others in this story was granted anonymity to discuss the sensitive matter The EU will act to safeguard its economic interests,
European Commission President Ursula von der Leyen said in a statement Losing a significant part of these exports cannot be compensated for by EU exports to other markets,
It will further worsen the situation of the European steel industry, exacerbating an already dire market environment,
said Henrik Adam, president of the European Steel Association
