steel

China to Impose Additional USD 16 Billion in Tariffs on U.S. Goods

China to Impose Additional USD 16 Billion in Tariffs on U.S. Goods

China is imposing another 25% tariff on an additional USD 16 Billion worth of U.S. goods such as fuel, steel products, and auto and medical equipment, said the Chinese Commerce Ministry. The tariffs are set to take effect beginning August 23rd, the ..

Schnitzer Steel Industries Release Financial Report for the Third Quarter

Schnitzer Steel Industries Release Financial Report for the Third Quarter

On Tuesday, Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) announced its financial results for the third quarter of fiscal 2018.Revenue for the company was $530 million, increasing 37.7% from $385 million for the same period last year. Total profit..

Escalating Trade Tensions Leads China to Threaten with New Tariffs

Escalating Trade Tensions Leads China to Threaten with New Tariffs

China warned on Friday that it would fight back “at any cost” with countermeasures in response to the U.S.’s tariffs, after President Donald Trump threatened to increase tariffs on Chinese goods by an additional $100 billion.&ldquo..

Companies That Rely on Foreign Trade to Make Profit Likely to Suffer Losses in the Event of a Trade War

Companies That Rely on Foreign Trade to Make Profit Likely to Suffer Losses in the Event of a Trade War

The proposition to impose tariffs on steel and aluminum imports has sparked rumors about a possible trade war. A trade war ensues when countries try to protect their local businesses by imposing tariffs on imports from other countries. A trade war c..

Dow Opens Stronger Lifted by Korea Talks; Tariff Oppositions

Dow Opens Stronger Lifted by Korea Talks; Tariff Oppositions

U.S. stocks opened higher on Tuesday for the third consecutive day, lifted by talks between North and South Korea and the increasing amount of those opposing U.S. President Donald Trump’s steel tariff.The Dow Jones Industrial Average opened up..