U.S. President Donald Trump agreed to delay increasing tariffs on $250 billion worth of Chinese imports from Oct. 1 to Oct. 15 “as a gesture of good will,” Reuters reports. The tariffs were set to increase to 30% from 25% on the goods, including bolts, screws and other fasteners manufactured in China.
Tag "232 Tariffs"
August 02
15:56
2019
“Our Q2 financial results were in part impacted by Section 232 steel tariffs and overall weaker demand in our end markets,” stated CEO Dale MacLean.
May 20
05:14
2019
The move will lift the 25% steel and 10% aluminum tariffs the U.S. placed on its North American neighbors almost a year ago. The tariffs are slated to end within 48 hours.
December 10
06:55
2018
“I suspect that we may be the very first company in the U.S. fastener industry to receive exclusions,” stated CEO Tim O’Keeffe.
October 22
16:54
2018
Nearly five months after the U.S. imposed tariffs on steel and aluminum imports, fastener manufacturers continue to receive “inconsistent” responses from the U.S. Commerce Department related to exclusions requests, according to the Industrial Fasteners Institute’s Washington representative Jennifer Baker Reid.
August 07
19:01
2018
“The Commerce Department continues to be overwhelmed, the process is inconsistent at best, and tilted to steel industry at worst,” Industrial Fasteners Institute’s Washington representative Jennifer Baker Reid told GlobalFastenerNews.com.
August 07
18:44
2018
“The imposition of 232 steel tariffs (by the U.S.) further increased the potential for import growth as the result of product previously destined for the U.S. market being diverted to the EU market,” writes Fastener + Fixing Magazine executive editor Phil Matten.
