If the US were to stop dumping these valuable metals in landfills and to cease exporting them as cheap scrap, its imports could fall, and there would be less of these metals being made from scratch.
After the G7 fiasco, it's clear that a trade war is in the making. US justifications of "national security concerns" for its tariffs suggest a legitimate target for EU countermeasures: coal.
International trade policy requires three traits to be successful and lead to mutual prosperity. Trump's is missing all three, as he showed at the G-7 summit.
Seven world leaders with axes to grind are preparing to sit round one table. Sparks will fly.
US tariffs could potentially benefit some EU firms that rely on steel and aluminium.
The underlying problem with Donald Trump's tariffs on steel and aluminum isn't Trump. It's the increasing willingness by the U.S. to impose its will on its neighbours amid rising economic nationalism.
The Trump administration recently imposed tariffs of up to 25 percent on foreign steel and aluminum – including from the EU, Canada and Mexico, the three biggest markets for American goods.
From a public relations perspective, the Canadian government's retaliatory tariffs against the U.S. are a win. But the tariffs on everything from mayo to orange juice will hurt Canadian consumers.
Donald Trump's 'Art of the Deal' may be all about talking tough, bluffing and bullying, but as any poker player knows, there comes a time to call a bluff. If there ever was such a time, this is it.
In the second article in the Oxford-style debate series “The impact reflected by Trump is here to stay”, Prince C. Oguguo argues that Donald Trump’s impact will outlive his presidency.
We modelled a number of scenarios showing all increases in US or Chinese trade protection would cause international trade, and the global economy more generally, to shrink.
High municipal electricity tariffs pose a serious threat to South Africa's machinery and equipment manufacturing industries.
The recent U.S. trade mission to China failed, allowing no space for future compromise. What follows will likely be much more than a simple trade war.
If companies in key industries collectively shunned the Chinese market, that would force China's leaders to take notice, with less risk of blowback.
Unfair competition law offers a more effective, targeted strategy to persuade China to play by the rules.
This speed read explores why it’s hard to stop manufacturers in specific countries from dodging trade barriers by pretending that their goods come from somewhere else.
The top U.S. foreign policy goals in Africa evidently no longer relate to human rights or democratic freedoms, but to protecting tiny, marginal American industries.
“Honesty is the best policy” is hardly a hallmark of the Trump régime, so China would have been smart to pursue a more honest, less manipulative path in its simmering trade war with the U.S.
While the proposed tariffs would have little effect on US wine sales in the short term, their long-term impact could be much more problematic.
To be realistic, the US-China trade war gives Australia the unprecedented chance to expand its economic footprint.