Tag: steel
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Trump Announces 25% Tariffs on All Steel and Aluminum Imports
The video reports on the recent imposition of a 25% tariff on all steel and aluminum imports by the United States, a move announced by the President. This decision has sparked reactions from various stakeholders, including international trading partners and industry insiders, who are concerned about its potential impact on global trade and the economy.…
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Nippon Steel and US Steel File Lawsuit Against Biden Administration and Others Over Blocked Merger
Nippon Steel and US Steel have jointly filed a lawsuit against the Biden administration, the United Steelworkers (USW), and Cleveland-Cliffs, challenging the decision to block their proposed merger. The legal action underscores the escalating dispute over the consolidation of the steel industry in the United States, which the companies argue is essential for competitiveness on…