Media

ASSOCIATED PRESS: How US small businesses can navigate the trade wars

May 2, 2018

The Trump administration has so far avoided a trade fight with Europe by temporarily exempting it from hefty steel and aluminum tariffs. Yet the move also extends the uncertainty weighing on small businesses that use those materials, a much broader group than you might think.

 

For example, Gary Cammack, the owner of Cammack Ranch Supply in Union Center, South Dakota, is worried that he will have to raise prices on steel barbed wire that he sells to area ranchers, from $60.95 a roll to as high as $67... FULL STORY

INSIDE U.S. TRADE: Downstream groups call on Trump to enter into global talks instead of imposing steel, aluminum quotas

May 1, 2018

The American Institute for International Steel and the newly formed Coalition of American Metal Manufacturers and Users are calling on President Trump to prioritize dialogue on steel and aluminum over Section 232 restrictions to resolve broader overcapacity issues, reiterating concerns about harm to U.S. consumers.

 

The U.S. on Monday decided to extend by one month its tariff exclusions for Canada, Mexico and the European Union. The U.S also reached agreements in principle with Australia, Argentina and Brazil, as well as a final agreement with South Korea. In all of the Section 232 negotiations, the White House said, the administration “is focused on quotas that will restrain imports, prevent transshipment, and protect the national security.”... FULL STORY

WALL STREET JOURNAL: Metal Buyers Race to Secure Supplies Ahead of Tariff Decision

April 28, 2018

Manufacturers are racing to shore up supplies of steel and aluminum, as the Trump administration considers an end to some tariff exemptions on Tuesday that could tighten supplies and push prices of both metals up further.

 

Qualtek Manufacturing Inc., a Colorado-based stamper of metal parts for medical equipment, has seen the delivery time for aluminum double to 14 weeks since the tariffs took effect in March. Chief Executive Troy Roberts said he’s also waiting twice as long and paying 35% more for stainless steel... FULL STORY

THE DAILY SIGNAL: Steel Tariffs Already Hurting Steel-Using Industries

April 27, 2018

Economists and industry leaders predicted price increases and potential jobs losses after the Trump administration imposed tariffs on steel and aluminum. What may have seemed like rhetoric is now reality.

 

The sneaky brilliance of the tariffs is that benefits are concentrated to a small, politically connected, and very vocal few, while costs for American consumers are widely dispersed... FULL STORY

GLOBAL TRADE: American Metal Manufacturers and Users: ‘Tariffs Are Taxes’

April 19, 2018
With the slogan “tariffs are taxes,” a diverse array of steel- and aluminum-using manufacturers from across the United States launched a new coalition yesterday focused on terminating the Section 232 steel and aluminum tariffs. The Coalition of American Metal Manufacturers and Users represents a wide range of US manufacturing interests, from metal formers to machinists to food equipment manufacturers and more who are already seeing the damaging results from the 25-percent steel tariffs and 10-percent aluminum tariffs imposed by President Donald Trump on March 23…

INDUSTRY WEEK: Metal Manufacturers Protest Steel, Aluminum Tariffs

April 19, 2018
Under the banner “Tariffs are Taxes,” a group of manufacturers who heavily use steel and aluminum in their products launched a coalition on Wednesday opposing the steel and aluminum tariffs imposed in March by President Donald Trump. “These tariffs will do nothing to uphold their stated purpose of protecting U.S. national security,” coalition spokesperson Paul Nathanson stated in a press release. “They will instead hurt U.S. manufacturers in the near term by raising the price of the essential inputs they need to make finished products, and do long-term harm to domestic steel producers by eroding their own customer base.”…

INSIDE U.S. TRADE: As downstream metal coalition launches, analysts question Commerce claims

April 19, 2018
U.S. manufacturing groups on Wednesday launched a coalition of metal users representing more than 30,000 companies in opposition to the Section 232 tariffs on aluminum and steel imports levied by the administration last month. The “Coalition of American Metal Manufacturers and Users” -- composed of six manufacturing associations -- teamed up with the American Institute for International Steel on Wednesday to question the Commerce Department’s determination, made in both Section 232 reports released on Feb. 16, that trade restrictions were needed to “enable U.S. steel producers to operate at an 80 percent or better average capacity utilization rate based on available capacity in 2017.”…

ASSOCIATED PRESS: US manufacturers seek relief from steel and aluminum tariffs

April 19, 2018

Rising costs. Delayed shipments. A baffling bureaucracy. President Donald Trump’s tariffs on imported aluminum and steel are disrupting business for American companies that buy those metals, and many are pressing for relief. Hundreds of companies are asking the Commerce Department to exempt them from the 25 percent steel tariff and the 10 percent aluminum tariff…

POLITICO PRO: Manufacturers launch coalition to undo Trump steel, aluminum tariffs

April 18, 2018
Small and medium-size U.S. manufacturers hurt by President Donald Trump's new tariffs on steel and aluminum announced a new coalition Wednesday aimed at killing the measures. Trump's decision to impose the tariffs "really cuts us off at the knees," Troy Roberts, CEO of Qualtek Manufacturing in Colorado Springs, Colo., said at a press conference. "It goes way beyond the benefits that we got from the tax reform and the regulatory reform." Roberts is also a vice chairman of the Precision Metalforming Association, one of seven groups that have formed the Coalition of American Metal Manufacturers and Users to persuade Trump to remove the new duties…

WALL STREET JOURNAL: The National Security Tariff Ruse

March 13, 2018
Conservatives rightly criticized President Obama for stretching the law to issue executive edicts. The same scrutiny should attend the Trump Administration’s dubious use of national security and Section 232 to justify its new tariffs on steel and aluminum…

WALL STREET JOURNAL: Senate GOP Leader All But Rules Out Legislation to Undo Trump’s Tariffs

March 13, 2018
Senate Majority Leader Mitch McConnell all but ruled out advancing legislation to undo President Donald Trump’s steel and aluminum tariffs, saying that such an action would be unlikely to succeed…

POLITICO MORNING TRADE: Study Update: Tariffs to Cost 495,000 Jobs

March 13, 2018
The Trade Partnership, a Washington-based analytical firm, now estimates Trump’s steel and aluminum tariffs will cost 495,136 jobs in the services, manufacturing and agricultural sectors, up from its earlier estimate of 179,334…

CNBC: EU could join forces with countries outside Europe to strike back against Trump’s tariffs

March 13, 2018
The European Union should unite in response to any U.S. tariffs on its steel and aluminum exports — and it could retaliate alongside nations from outside Europe, the French economy and finance minister told CNBC...

AXIOS: Trump’s tariffs risk harm to allies, cede leadership to China

March 13, 2018
President Trump’s tariffs on steel and aluminum, authorized last Thursday, will likely come with costs to the global economic and diplomatic order that exceed their domestic benefits…

CRAIN’S CLEVELAND BUSINESS: Tariffs could be costly for Northeast Ohio Manufacturers

March 11, 2018
As steelmakers cheer tariffs that could encourage more domestic production, industries that use the metal are concerned about the ramifications increased raw material prices could have on their businesses…

NPR : Remembering The Impacts of Bush’s Short-Lived Steel Tariffs

March 10, 2018
President Trump isn't the first to impose steel tariffs in the U.S. NPR's Michel Martin talks to Trans-Matic Manufacturing President PJ Thompson about how his company adapted to steel tariffs in 2002…

CNBC: Trump’s tariff plan puts jobs at risk

March 9, 2018
President Donald Trump fulfilled a long-running campaign promise Thursday in levying tariffs on imported steel and aluminum products after a week of build-up to the announcement…

ASSOCIATED PRESS: US trading partners, businesses say tariffs will backfire

March 9, 2018
The Trump administration’s decision to impose tariffs on aluminum and steel imports drew warnings Friday from businesses and U.S. trading partners that the measure could backfire, provoking a trade war without resolving the problems it’s intended to address…

GLOBAL TRADE: US Industries Slam Trump Tariffs

March 9, 2018
United States industries that consume steel and aluminum harshly criticized President Donald Trump’s decision yesterday to impose new tariffs on steel and aluminum imports…

CNN: New Day

March 8, 2018
PMA President Emeritus Bill Gaskin is interviewed for New Day on CNN…

WORLD TRADE ONLINE: EU girds for steel and aluminum tariffs, threatens to impose safeguard measures

March 8, 2018
The European Union will impose safeguard measures on a variety of U.S. products – including steel and aluminum – to “rebalance” any economic damages the bloc suffers if the U.S. does not exclude it from Section 232 tariffs, the EU’s trade commissioner said on Wednesday…

WALL STREET JOURNAL: Welders, Axle Makers and Others Fear Soaring Costs From Trump Steel Tariffs

March 8, 2018
Small manufacturers that fashion metal into parts for makers of cars, appliances and other products fear they could be the hardest hit by new tariffs on aluminum and steel…

NORTHWEST INDIANA TIMES: Steel industry, USW applaud tariffs imposed by Trump administration

March 8, 2018
The steel industry is applauding the Trump administration's decision to impose tariffs of 25 percent on foreign steel, except from Canada and Mexico and potentially other U.S. allies…

PLATTS: US steel-users, lawmakers seek more tariff exclusions

March 8, 2018
While the tariffs on steel signed by US President Donald Trump on Thursday were less aggressive than the 25% blanket tax on all imports announced last week, steel users and lawmakers continue to voice concerns about the sweeping scope of the order…

WALL STREET JOURNAL: Donald Trump Pushes Staff to Finalize Plan on Steel Tariffs This Week

March 7, 2018
President Donald Trump is expected to sign a decree this week laying out his plan to impose new tariffs on steel and aluminum, sparing both Canada and Mexico, after people on both sides of the issue made final pleas to either scuttle the measure or ensure he doesn’t back off…

COMMERCIAL APPEAL: Will Trump’s tariffs lift auto prices? Maybe in a year.

March 7, 2018
The typical new sport-utility vehicle rolling off a Tennessee assembly line contains 2,300 pounds of steel, but metal costs won’t surge quickly for automakers after the White House slapped higher tariffs Thursday on imported steel…

AXIOS: Trump wants to start his trade war tomorrow

March 7, 2018
President Trump wants to sign a presidential proclamation tomorrow to set his steel and aluminum tariffs in motion, according to two senior administration officials. (More on how proclamations work below)…

NORTHWEST INDIANA TIMES: Remember Bush’s 2002 steel tariffs? His chief of staff warns Trump not to do the same.

March 6, 2018
President Trump is planning to offer Canada and Mexico a temporary exemption from new tariffs on steel and aluminum imports, reversing his original insistence that the measures apply to U.S. allies as well as nations like China, administration officials said Wednesday.…

VOICE OF AMERICA: Trump Not Backing Down on Steel, Aluminum Tariffs

March 6, 2018
U.S. President Donald Trump reaffirmed his pledge to impose stiff tariffs on imported steel and aluminum Monday...

BLOOMBERG: Trump Turns Steel Tariffs Into Nafta Bargaining Chip

March 6, 2018
President Donald Trump has turned his steel tariffs from a tool for protecting national security into a bargaining chip offered to Canada and Mexico to seal a quick deal on Nafta…

WASHINGTON EXAMINER: How Trump’s steel tariffs could break the WTO

March 6, 2018
President Trump's proposed tariffs on steel and aluminum have the potential to radically rewrite global trading rules, in a way that free traders won't like…

WASHINGTON POST: Winners and losers from Trump’s tariffs

March 6, 2018

President Trump's tariffs could be in place by the end of the week. Many Republican lawmakers, including House Speaker Paul D. Ryan (Wis.), are livid…

USA TODAY: How Trump’s planned steel, aluminum tariffs affect you

March 5, 2018
Last week, President Trump said he would impose a 25% tariff, or tax, on steel imports and 10% on aluminum, sparking a big sell-off in stocks…

NATIONAL REVIEW: ‘We Are Extremely Worried’- Ryan Comes Out Strong against Trump’s Trade War

March 5, 2018
Speaker Paul Ryan’s office sent a mass email to reporters Monday, highlighting the stock-market uncertainty that followed President Donald Trump’s “trade war” rhetoric and recent tariff announcement…

WALL STREET JOURNAL: Trump Links Planned Steel Tariffs to Nafta Renegotiation Effort

March 5, 2018
House Speaker Paul Ryan warned Monday that President Donald Trump’s plan to impose tariffs on steel and aluminum imports could trigger a trade war, as the president sought to wrest economic concessions from Canada and Mexico by turning up pressure on the proposal…

WALL STREET JOURNAL: Optimism for Manufacturers Upended With Trump’s Tariff Pledge

March 4, 2018

President Donald Trump’s pledge to impose steep tariffs on steel and aluminum imports dimmed more than a year of growing optimism for many U.S. manufacturer…

MIBIZ: Proposed tariffs on aluminum, steel ‘bad news’ for West Michigan manufacturers

March 4, 2018
As the manufacturing industry begins to get “its mojo back,” Miles Free thinks danger might lie ahead for the sector, especially if the federal government imposes tariffs on key raw materials…

NEW YORK TIMES: Trump’s Tariff Plan Leaves Blue-Collar Winners and Losers

March 3, 2018
President Trump’s announcement that he planned to impose steep tariffs on imported steel and aluminum delighted some blue-collar industries he had championed…

WASHINGTON POST: The Finance 202: Trump tariffs threaten to unleash economic chaos

March 2, 2018
President Trump’s protectionist id finally slipped its leash Thursday, spreading panic from Wall Street to C-suites and beyond….

ALBANY TIMES UNION: “Shooting ourselves in the foot”: Concerns about tariffs abound

March 2, 2018
President Donald Trump's pledge to impose sweeping tariffs on imported steel and aluminum has caused concern and even outrage among a plethora of American industries that rely on the metals…

WALL STREET JOURNAL: New Tariff Add Heat to Steel, Aluminum Markets

March 2, 2018
Blanket tariffs on steel and aluminum imported into the U.S. are likely to keep driving up domestic metal prices that have already been on a tear…

NEW YORK TIMES: Wall St., Rattled by Fears of Trade War Has Rocky Open Before Gaining Ground

March 2, 2018
After slipping early, stocks gained back ground on Friday, as banks and tech firms cut losses and pulled broader indexes higher…

CLEVELAND PLAIN DEALER: President Trump says he will order 25 percent tariffs on steel imports

March 1, 2018
President Donald Trump said today he will impose an import tax, or tariffs, of 25 percent on foreign steel brought into the United States…

NEW YORK TIMES: Trump to Impose Stiff and Sweeping Tariffs on Steel and Aluminum

March 1, 2018
President Trump said on Thursday that he would impose stiff tariffs on imports of steel and aluminum, making good on a key campaign promise and rattling stock markets as the prospect of a global trade fight appeared imminent…

THE HILL: Defying GOP, Trump to impose steep tariffs on steel, aluminum next week

March 1, 2018
President Trump said Thursday that he will impose steep tariffs on steel and aluminum imports from around the world next week, defying Republican lawmakers who have pushed back against the move…

FINANCIAL TIMES: Thousands of jobs at risk over tariffs, US manufacturers warn

March 1, 2018
Thousands of jobs could be lost in US manufacturing because of President Donald Trump’s plan to impose new tariffs on steel and aluminum imports, industry groups warned on Thursday…

AMERICAN METAL MARKET: Steel mixed on 232, prices seen rising

March 1, 2018
Steel industry participants had mixed reactions to President Donald Trump’s announcement that the United States will impose tariffs of 25% on steel product imports next week, with many anticipating higher prices as a result…

PLATTS: End-users warn steel tariffs will lead to US job loss, retaliation

March 1, 2018
While the US steel production industry was cheering a planned 25% tariff on steel imports announced by President Donald Trump Thursday, downstream manufacturers cautioned that such restrictive measures could lead to the US losing more jobs than it will save in steel…

NORTHWEST INDIANA TIMES: UPDATE: Trump says he will impose across-the-board steel tariffs of 25 percent

March 1, 2018
President Donald Trump told steel executives Thursday he plans to impose 25 percent tariffs on foreign-made steel across the board after a Section 232 investigation found elevated levels of imports threatened America's steel industry and national security…

GLOBAL TRADE: BREAKING NEWS: Trump says he will hit steel and aluminum with tariffs

March 1, 2018
After some back and forth over whether today would be the day, President Donald Trump said that we would impose global tariffs on steel and aluminum imports into the United States…