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Dismantling a Ticking Time Bomb for Trans-Atlantic Trade, EU Suspends Retaliatory Tariffs on U S -Origin Goods | Faegre Drinker Biddle & Reath LLP

Dismantling a Ticking Time Bomb for Trans-Atlantic Trade, EU Suspends Retaliatory Tariffs on U S -Origin Goods | Faegre Drinker Biddle & Reath LLP
jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.

EU Suspend Plans to Raise Tariffs on U S Whiskey, Other Goods

EU Suspend Plans to Raise Tariffs on U.S. Whiskey, Other Goods 05/17/2021 | 07:37am EDT Send by mail : Message : By Josh Zumbrun WASHINGTON The European Union on Monday agreed to postpone plans to raise tariffs on American whiskeys, motorcycles, boats and other items set to take effect June 1 as it begins talks with the Biden administration aimed at lifting U.S. steel tariffs. In a joint statement, the U.S. and EU said they would begin formal discussions to address problems plaguing the global steel and aluminum industry, and agreed to chart a path toward resolving the dispute that led to tariffs.

international law, Schema-Root news

international law, Schema-Root news
schema-root.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from schema-root.org Daily Mail and Mail on Sunday newspapers.

Steel prices continue to surge as supply tightness persists

The Raw Steels Monthly Metals Index (MMI) picked up 9.0% for this month’s reading, as steel prices continued ascending this past month. US steel prices continue to rise For buyers waiting to see a peak in steel prices: keep waiting. At least for now, steel prices continue to rise, posting double-digit month-over-month price gains. Price rises took somewhat of a pause from late March into mid-April, but it proved temporary. The US hot rolled coil price, for example, closed Tuesday at $1,456 per short ton, or up 10.39% from a month ago. Meanwhile, cold rolled coil reached $1,645 per short ton, or up 8.8%. US hot dipped galvanized rose by 10.69% to $1,770 per short ton.

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