Aluminum Rises on US Tariff Recommendation

Aluminum Rises on US Tariff Recommendation”

All classified and business confidential information in the reports was redacted before the release. "So I think it's implausible to believe that we're not able to meet the needs of our defense industry", he said, indicating that invoking national security concerns could be hard to support and invite retaliation. "I look forward to his decision on any potential course of action".

Finally, quotas could be implemented at 63% of 2017 steel exports and 87% of aluminum exports, effectively giving US manufacturers a bigger piece of the domestic market. "And we presented the President with a range of alternatives that goes from a big tariff on everything from everywhere, to very selective tariffs from a very selective group of countries".

Trump is expected to make a decision by April. Tariffs could be at least 24% on all steel imports from anywhere around the world and at least 7.7% for all aluminum imports if the widest net is cast. The investigation sought to determine whether the imports posed a threat to the country's national security.

It cited, among other things, the shutdown of six basic oxygen furnaces and four electric furnaces since 2000 and a 35 percent drop in employment since 1998.

Instagram is testing Snapchat-inspired screenshot alerts
The person who posted the story is able to see who viewed it, but not the specific number of times one person may have. Another workaround is for users to download Stories directly from the web version of Instagram.

There is 700 million tons of global excess steel capacity.

The conservative group FreedomWorks blasted the recommendation, calling it a hidden tax on USA consumers. The report explains that China produces almost as much steel in one month than the US does in a year. The report demonstrates this administration's clear recognition that swift action is required to stop the surge of aluminum imports from destroying our industry. As of February 15, there are 169 antidumping and countervailing duty orders on steel imports.

A third option called for Trump to impose global quotas based on 63 percent of each country's 2017 steel exports and based on 87 percent of their aluminum exports to the United States.

"Each of these remedies is meant to increase domestic steel production from its present 73 percent of capacity to approximately an 80 percent operating rate, the minimum rate needed for the long-term viability of the industry, " the statement said.

Syrian Kurdish forces capture two British 'IS' militants
It was the hostages who gave them their nickname "The Beatles", after the legendary rock group, for their British accents. A fourth member of the so-called "Beatles", Aine Davis, is imprisoned in Turkey on terrorism charges.

Commerce noted that as of Thursday, the U.S. had two antidumping and countervailing duty orders in place on aluminum, both against China, and there are four ongoing investigations against China.

If tariff determinations are made, Handschuh continued, these products should be excluded and individual companies shouldn't have to apply for exemptions to import the specialty products. He told those attending that quotas and tariffs are options on the table.

The Aluminum Association Friday separately said while Commerce said job loss in the primary aluminum sector was 58% between 2013 and 2016, the total industry saw a slight increase in jobs during that period. And only one company in the country produces the high-quality aluminum alloy used for military aerospace purposes.

The Commerce Department has recently brought trade cases to try to address the dumping of aluminum.

North Korea Holds Massive Military Parade Ahead Of 2018 Winter Olympics
South Korea is deciding whether to accept North Korea's request that it provide fuel for the ferry that transported the artists. Abe echoed Pence's comments, urging countries "not to be lured by the charm offensive of North Korea".

The Commerce Department, in a report published Friday, proposed a 53 percent tariff on all steel products from 12 countries, including China, Brazil, India, South Korea and Vietnam.

Like this


16 February 2018
President Trump Weights Quotas and Tariffs on American Aluminum and Steel Imports
Apart from recent tariffs on washing machines and solar panels, the U.S. looks likely to impose tariffs on steel and aluminium. The Trump administration has major decisions looming on Chinese aluminium, steel and intellectual property practices.

16 February 2018
Walgreens reportedly looking at buying AmerisourceBergen, Frisco's largest employer
Walgreens already owns 26 % of the company, which has analysts confused about how the deal would benefit the pharmacy chain. Reportedly, Walgreens may fund a major part of the deal through debt and is forecast to accrue substantial returns.

16 February 2018
French President to Attack Syria If He's Convinced of Chemical Weapons Use
But the Organisation for the Prohibition of Chemical Weapons (OPCW) has continued to document the use of toxic chemicals in the country.

16 February 2018
Amy Schumer ties knot with chef Chris Fischer
It is reported that comedian Amy Schumer and her boyfriend, chef and author Chris Fischer , married in the U.S. on Tuesday. Fischer gained notoriety around New York City as Mario Batali's sous chef at famed Italian restaurant Babbo.

15 February 2018
Google is good at building phones but bad at selling them
Over 90 percent of phone sales are sold through carriers. iPhone and Galaxy phone sales dwarfed Pixel by a massive margin. As hinted above, Google could have more success in attracting consumers by expanding the availability of the Pixel line.

14 February 2018
Tessa Virtue, Scott Moir win gold in team figure skating
Adam Rippon gave the US eight points in the standings with a third-place in the men's free skate portion of the day's events. On that occasion, Lipnitskaya failed to medal in the individual competition as Russian teammate Adelina Sotnikova won gold.

12 February 2018
Mattis: 'Self-Defense' Attack Doesn't Mean US Getting Into Syrian Civil War
The Syrian Observatory said they were local tribesmen loyal to President Bashar al-Assad and Afghan Shia militiamen. Those pro-regime vehicles and personnel who retreated across the river were not targeted, the official added.

11 February 2018
Snow warning for across Ireland as temperatures to plummet to -3
Tomorrow will also be very cold with showers of rain, hail, sleet and snow with a slight risk of thundery bursts forecast. Daytime temperatures only 1 to 4 degrees with a wind chill effect from a gusty west to northwest wind.

11 February 2018
Auto Expo launch 2018 updates
The same idea was reiterated by Honda Honda Cars India (HCIL) President and CEO Yoichiro Ueno. With the upcoming new launches, we are confident to grow further in the new fiscal.

09 February 2018
Iran urges Turkey to respect sovereignty of Syria
President Rouhani hailed two countries' high-level talks on the expansion of bilateral, regional and global cooperation, saying that the two governments are willing to develop and strengthen relations as two friendly and brother neighboring countries.