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US tariff doubling cut EU steel exports by 34%, steel body says

US tariff doubling cut EU steel exports by 34%, steel body says

By Philip Blenkinsop BRUSSELS, June 4 (Reuters) - EU steel exports to the U.S. have fallen by 34% since Washington hiked tariffs to 50%, with higher duties on derivative products such as washing machines and motorbikes also hitting European demand, steel industry association Eurofer said on Thursday
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U.S. Trade Representative Seeks Public Input on Tariff Reductions with China

U.S. Trade Representative Seeks Public Input on Tariff Reductions with China

The Office of the U.S. Trade Representative has invited public comments on which 'nonsensitive' goods should be considered for tariff reductions as part of the new U.S.-China 'Board of Trade.' This initiative follows President Trump's recent state visit to Beijing, where trade was a key focus. The U.S. aims to facilitate mutually beneficial trade with China while maintaining tariffs to protect American economic and national security. The administration plans to work with various stakeholders, including those in manufacturing, fishing, and ranching, to identify goods that could benefit from reduced tariffs. The deadline for submitting comments is July 10.
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US Manufacturing Safety Net Proposal Highlights Tariffs as Key Component

US Manufacturing Safety Net Proposal Highlights Tariffs as Key Component

US Manufacturing Safety Net Proposal Highlights Tariffs as Key Component
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Manufacturers Embrace AI to Enhance Quality Amidst Challenges

Manufacturers Embrace AI to Enhance Quality Amidst Challenges

Manufacturers Embrace AI to Enhance Quality Amidst Challenges
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Cushman Wakefield Hosts Summits to Explore European Expansion for Chinese Manufacturing

Cushman Wakefield Hosts Summits to Explore European Expansion for Chinese Manufacturing

Cushman Wakefield Hosts Summits to Explore European Expansion for Chinese Manufacturing
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Trump Administration Proposes New Tariffs Amid Global Trade Tensions

Trump Administration Proposes New Tariffs Amid Global Trade Tensions

The Trump administration has proposed new tariffs of up to 12.5% on imports from 60 economies, including Canada, citing failure to curb trade in goods made with forced labor. This move comes amid escalating global trade tensions and Middle East conflicts. The Canadian dollar has weakened to an eight-week low against the U.S. dollar, reflecting investor concerns. The proposal includes tariffs of 10% for some trading partners and 12.5% for others, such as China, Japan, and India. The plan is subject to public comment and hearings before any final decision.
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Germany's Manufacturing Sector Faces Standstill Amid Rising Costs and Uncertainty

Germany's Manufacturing Sector Faces Standstill Amid Rising Costs and Uncertainty

Germany's manufacturing sector, a key component of the Eurozone's largest economy, experienced a significant slowdown in May 2026. According to S&P Global, the Manufacturing Purchasing Managers’ Index (PMI) dropped to 50.1 from 51.4 in April, indicating a near standstill in growth. This decline is attributed to high costs and geopolitical uncertainties, particularly the ongoing conflict in the Middle East. The data revealed a decrease in new orders for the first time in 2026, with consumer goods producers and export sales notably affected. Phil Smith, Associate Director of Economics at S&P Global Market Intelligence, highlighted that the sector's recovery has halted, with job losses in factories reaching their highest level since early 2025. Despite slight improvements in business expectations due to potential peace agreements in the Middle East, the sector remains under pressure from inflation and systemic disruptions.
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President Trump Rebuilds Tariff Strategy Using Section 301 of Trade Act

President Trump Rebuilds Tariff Strategy Using Section 301 of Trade Act

President Trump is pursuing a new wave of tariffs through Section 301 of the Trade Act of 1974, targeting 60 countries over forced labor concerns. The proposed tariffs range from 10% to 12.5%, affecting major trading partners like China, Brazil, Japan, and India. This approach follows legal setbacks, including a Supreme Court ruling against using emergency powers for tariffs. The tariffs are in a public comment period until July 6, with hearings scheduled for July 7. The administration aims to address forced labor issues and create a fair competitive environment for American workers.
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Magnera Launches Universa Industrial Wipers Line to Enhance Cleaning Solutions

Magnera Launches Universa Industrial Wipers Line to Enhance Cleaning Solutions

Magnera Launches Universa Industrial Wipers Line to Enhance Cleaning Solutions
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List Prices Drop as Buyers Return to the Market Amid Economic Uncertainty

List Prices Drop as Buyers Return to the Market Amid Economic Uncertainty

List Prices Drop as Buyers Return to the Market Amid Economic Uncertainty
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Trump Administration Proposes New Tariffs on 60 Nations Over Forced Labor Concerns

Trump Administration Proposes New Tariffs on 60 Nations Over Forced Labor Concerns

Trump Administration Proposes New Tariffs on 60 Nations Over Forced Labor Concerns
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USA Rare Earth to Establish New Manufacturing Facility in South Carolina, Creating 490 Jobs

USA Rare Earth to Establish New Manufacturing Facility in South Carolina, Creating 490 Jobs

USA Rare Earth to Establish New Manufacturing Facility in South Carolina, Creating 490 Jobs