MPs Debate Measures to Prevent Chinese Owners Closing British Steel
LONDON (AP) – British lawmakers have returned to Parliament from Saturday's Easter break to approve emergency rescue of the country's last factory that will make iron from scratch. Kiel Prime Minister Starmer summoned a very rare Saturday lawmaker to discuss a bill aimed at closing two giant blast furnaces at the Scunthorpe factory in northern […]
House of Commons to be recalled to discuss British Steel nationalisation | British Steel
The House of Representatives was recalled on Saturday, and the House Speaker confirmed that it was discussing the nationalization of British Steel. The move comes after the Chinese company Jingye did not sign a contract to maintain the two explosive furnaces at its British Steel's Scunthorpe factory. The Commons is expected to sit at 11am, […]
Hundreds of Canadian steel workers hit with layoffs as Trump’s tariffs squeeze industry
Hundreds of Canadian workers have already been fired from steel factories as President Trump's tariffs narrow the industry. At least 200 members of United Steelworkers, the largest private sector union in North America, have previously lost employment, according to Marty Warren, the group's national director. United Steelworkers has over 225,000 members in Canada. And Canadian […]
Trump touts major Hyundai investment in US, including Louisiana steel plant
South Korean automaker Hyundai announced Monday that it will invest $20 billion in the US, including a new steel plant in Louisiana. President Trump promoted the news at the White House, celebrating the November election victory and the aggressive use of tariffs to target imports. “This investment is a clear demonstration that tariffs work very […]
Hyundai plans fresh $20 billion investment in US, including new Louisiana steel plant, as tariff threats loom
Hyundai plans to make a fresh $2 billion investment in the US, including a new Louisiana steel factory, becoming the latest major foreign company and moving more operations into the US to avoid looming tariffs. The South Korean automaker is planning to build a $5.8 billion factory near Donaldsonville, with the new facility being set […]
UK steel industry calls for capped energy prices amid Trump trade war | Steel industry
The UK steel industry is seeking high-energy energy prices to match France and Germany as businesses tackle the fallout from Donald Trump's trade war. Lobby group UK Steel has proposed that the government set the maximum price of energy through a difference agreement (CFD) prior to the announcement of the new steel strategy. British steelmakers […]
Canada files WTO complaint over US steel, aluminum tariffs
Canada has filed a complaint with the World Trade Organization (WTO) and calls for it to challenge consultations with the US over tariffs on certain aluminum and steel products from Ottawa. WTO It stated that the request was distributed To a member of the trade group on Thursday. Canada said Washington's taxation ended its exemption […]
EU Imposes Almost $28B In Counter-Tariffs As Trump’s Steel And Aluminum Tariffs Begin
Shoppers and tourists will pass the US-owned store in Rome, Italy on March 12, 2025, a luxury market, via the del Corso shopping area. The European Union announced today that starting April 1st, it will impose tariffs on iconic American products such as Harley-Davidson motorcycles, bourbons and jeans. (Photo by Christopher Farron/Getty Images) OAN Staff […]
Canada hits US with 25% tariffs on $20.6B worth of steel, aluminum
Canada announced retaliation measures on Wednesday, opposing Trump administration's tariffs on steel and aluminum. New taxes worth $20.6 billion Our imports. Finance Minister Dominique LeBlanc declared that the Canadian government is responding with a “dollar dollar” approach and introduced a 25% tariff that will be effective at 12:01am on Thursday. “These tariffs target $8.8 billion […]
Canada will level $20B in tariffs in response to Trump moves on steel, aluminum
Canada is expected to impose $20.7 billion in retaliatory tariffs after President Trump decided to enforce 25% tariffs on steel and aluminum, which came into effect Wednesday. Associated Press A senior Canadian government official said he spoke about the anonymity status and confirmed the move on Wednesday as he was not permitted to speak before […]