United States Steel CEO David Burritt explained why he is pleased with the deal with Japan to cut tariffs on the commodity.
reported from the site where the company was holding a groundbreaking ceremony for a new $3 billion mill in Arkansas on Tuesday, noting that Burritt is glad to learn that the deal will include a quota.
The day before, U.S. government officials said they reached an agreement to essentially lift the 25% tariff that formerThe deal with Japan would not include the first 1.25 million metric tons of imported steel from the tax. That number is equal to the average that Americans imported from the country in 2018 and 2019, effectively doing away with the tariffs while also allowing for taxes to be charged on any imports over that amount.
Burritt argued that the deal is not only credited to the Biden administration, but also President Trump’s administration given Trump had put the tariffs in place to begin with and forced the deal to be negotiated with the European Union and then with Japan.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elephant Walk: the US, Japan, and Australia's Air Forces show off strengthThe U.S. Air Force partners up with its allies, Royal Australian Air Force and the Japan Air Self-Defense Force to conduct an incredible Elephant Walk. Find out more at 🚀 Engineering
Read more »
U.S. CDC stands by K-12 school masking guidance as states relax rules –WalenskyWith COVID-19 cases still high nationwide, 'now is not the moment' to drop mask mandates in schools and other public places, U.S. Centers for Disease Control and Prevention (CDC) Director Dr. Rochelle Walensky told Reuters on Tuesday.
Read more »
New Jersey joins U.S. states ending school mask mandates as Omicron ebbsThe governors of New Jersey, Connecticut and Delaware on Monday said they would lift school mask mandates in the coming weeks, aiming for a return to 'normalcy' as a surge in COVID-19 infections fueled by the Omicron variant abates in their states.
Read more »
US and Japan set to announce steel trade dealThe US and Japan are set to announce a deal that would cut Trump-era tariffs on steel, a person familiar with the matter said.
Read more »
US Senator: China's Digital Currency Could Subvert US Sanctions, Enhance Surveillance Capabilities – Regulation Bitcoin News“Analysts have raised the eCNY’s potential to subvert U.S. sanctions, facilitate illicit money flows, enhance China’s surveillance capabilities.” crypto cryptocurrency bitcoin $BTC
Read more »
‘The Conference’ Sells to North America, Japan, Australia, ItalyGlobal Screen has closed a raft of sales for “The Conference,” a historically accurate drama about the Wannsee Conference in Berlin, a meeting that had only one item on the agenda: the organization…
Read more »