Negotiations continue as European producers seek exemptions and quota systems amid ongoing trade tensions between Brussels and Washington

Investing.com -- China has initiated dispute consultations at the World Trade Organization (WTO) over Canadian surtaxes and quotas on steel and aluminium products, according to a WTO announcement on Wednesday. The contested measures include a surtax implemented as tariff rate quotas on specific steel imports from countries that do not have free trade agreements with Canada, including China, the WTO notice stated. Additionally, China is disputing a Canadian surtax imposed on certain goods containing steel or aluminium that originate from China. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Which stock should you buy in your very next trade? With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

The doubling of U.S. steel tariffs to 50% sparks debate over economic impact, revealing rising costs for industries and consumers.

The tariffs amount to an average tax increase of nearly $1,300 per US household in 2025.

India can leverage its critical mineral reserves to ease US steel tariffs and secure better trade terms in ongoing bilateral negotiations

Investing.com-- UK Prime Minister Keir Starmer is set to meet U.S. President Donald Trump in Scotland on Monday, where he will push for progress on a final deal to reduce tariffs on British steel, the Financial Times reported on Thursday. Trump arrived in Scotland on Friday for a five-day trip, ahead of a formal state visit in September. According to the report, Starmer will also raise the issue of tariffs on Scotch whisky and seek to deepen broader U.S.-UK ties. Talks between U.S. and UK officials have intensified in recent days, with Downing Street aiming to secure a breakthrough on steel tariffs, currently set at 25%, lower than the global 50% U.S. rate, the report said. Trump has said he and Starmer would meet to "refine the trade deal we made." The two leaders are also expected to discuss the Middle East and potential U.S. tariffs on pharmaceuticals, the FT report said. However, UK officials see limited near-term progress in pharma talks, citing domestic regulatory hurdles, the report added.

Investing.com -- Commerce Secretary Howard Lutnick detailed key aspects of U.S. trade policy during an interview on CNBC Tuesday, highlighting strategic approaches to China, steel tariffs, and a new trade agreement with Indonesia. Lutnick explained that the U.S. is selling China its "fourth best" chip technology as part of a magnets deal, emphasizing the importance of staying "one step ahead of China" to ensure they continue purchasing American chips. He noted the need to get Chinese developers "addicted" to the U.S. technology stack. On the topic of artificial intelligence, Lutnick framed the development as a competition between U.S. and Chinese standards. Regarding steel imports, the Commerce Secretary stated that South Korea, China, and Japan are dumping steel in the United States. He clarified that tariffs are not being applied to raw steel but rather to finished steel products. Lutnick also discussed a new trade agreement with Indonesia, which includes tariffs on Indonesian goods while allowing U.S. goods to enter Indonesia tariff-free. The interview concluded after these remarks. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

India aims to finalize interim trade deal with US this week to avoid tariff hikes, boosting exports and advancing Mission 500 for $500B trade by 2030.

Starting June 23, 50% tariffs on steel will apply to appliances (fridges, dishwashers, etc.) in the ...

Since Minister Mélanie Joly took over the infrastructure portfolio last month, she and Dofasco CEO Ron Bedard have spoken every day about how the U.S. trade war is impacting Hamilton's steel industry.

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There’s something strangely Orwellian about watching a man, a president again and always a performer, a juggle nationalism with the grace of a man wearing oven mitts. President Donald Trump’s lates…