US EditionHigher Metals Tariffs Kick in as Deadline for 'Best' Offers Arrives
- President Donald Trump signed an executive proclamation on June 3, increasing steel and aluminum tariffs in the U.S. To 50% from 25% starting June 4 at 12:01 am.
- The tariff increase follows a surprise announcement last week and comes after a 90-day pause during which the U.S. Sought 'best offers' from trading partners to avoid harsher tariffs in early July.
- Steel imports account for about a quarter of U.S. Steel use, with Canada and Mexico—top suppliers—expected to be hit hardest, while Britain is exempt due to a preliminary trade agreement.
- Kevin Hassett, an economic adviser to the White House, explained that the tariffs set to begin at a 50 percent rate are scheduled to start tomorrow, while spokeswoman Karoline Leavitt mentioned that the U.S. Trade Representative has sent reminders to all involved partners about the approaching deadline.
- The tariff hike jolted metal markets, notably aluminum where premiums have more than doubled this year, and Mexico’s Economy Minister Marcelo Ebrard labeled the tariffs unsustainable and unfair.
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Japan’s chief negotiator urges review of Trump tariffs on metals | The Asahi Shimbun Asia & Japan Watch
Japan’s chief tariff negotiator urged the United States to reconsider U.S. President Donald Trump’s announcement to double tariff rates on steel and aluminum products from June 4.
U.S. doubles metals tariffs as deadline for trade deals hits | Honolulu Star-Advertiser
PARIS >> Washington doubled its tariffs on steel and aluminium imports today, the same day President Donald Trump’s administration expects trading partners to make “best offers” to avoid other punishing import levies from taking effect in early July.
Higher metals tariffs kick in as deadline for ‘best’ offers arrives - West Hawaii Today
The U.S. tariff rate on most imported steel and aluminum will double on Wednesday as President Donald Trump ratchets up a global trade war on the same day he expects trading partners to deliver their “best offer” in bids to avoid punishing import tax rates on other goods from taking effect in early July.
MORNING DIGEST: Left in the dark again, higher tariffs on steel imports take effect
Good Morning Cleveland, it's Wednesday, June 4 and here is what you need to know.Today on GMCLeft in the dark againIt was early January when we first reported multiple power outages across Clevelands West Park neighborhood and Lakewood. Now the lights have gone out again twice in the last week, including late last night. Our Nadeen Abusada is following through and talking to neighbors who say they are fed up. West Park residents want answers fol…
Daily Maverick
PressNewsAgencyHigher metals tariffs kick in as deadline for ‘best’ offers arrives
June 4 (Reuters) - The U.S. tariff rate on most imported steel and aluminum will double on Wednesday as President Donald Trump ratchets up a global trade war on the same day he expects trading partners to deliver their "best offer" in bids to avoid punishing import tax rates on other goods from...
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