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Global MFG - Sep 19, 2022

Chinese Companies Turn to Mexico Amid U.S. Tariffs

The COVID-19 pandemic almost instantly threw a multi-year wrench into global supply chains — and highlighted the advantages of more compact logistics operations. For many U.S. companies, that has meant reshoring manufacturing operations from lower-wage nations back to the States. But for manufacturers in China who want to keep a foothold in the North American market, it means finding a way to get its operations closer to their end-markets.

Andy Szal and Eric Sorensen | Industrial Equipment News

#china #mexico #tariff

Waupaca Foundry

Iron Castings - Feb 7, 2022

U.S. and Japan Reach an Agreement to Remove Trump-Era Steel Tariffs

The U.S. and Japan reached a truce that will allow most steel shipments from the Asian nation to enter tariff-free for the first time since 2018 and sees the countries working together to combat Chinese trade practices that harm the industry. Washington will suspend the 25% levy on incoming steel imports from Japan up to 1.25 million metric tons a year, officials from the Commerce Department and U.S. Trade Representative's office told reporters on Monday.

Eric Martin, Jenny Leonard, and Isabel Reynolds | Bloomberg

#steel #tariff #trade

Waupaca Foundry

Global MFG - Jul 22, 2021

U.S.-China Goods Trade Booms as If Virus, Tariffs Never Happened

China and the U.S. are shipping goods to each other at the briskest pace in years, making the world’s largest bilateral trade relationship look as if the protracted tariff war and pandemic never happened.

Eighteen months after the Trump administration signed the trade deal, the agreement has turned out to be a truce at best. The U.S. trade deficit hasn’t shrunk, most levies are still in place, and it hasn’t led to negotiations over other economic issues.

Eric Martin and James Mayger | Bloomberg

#tariff #trade

Waupaca Foundry

Global MFG - Jul 16, 2021

US steel importers criticize 232 ruling

The American Metals Supply Chain Institute (AMSCI) objects to a ruling by the United States Court of Appeals for the Federal Circuit confirming that the US President can adjust Section 232 tariffs long after they were first implemented.

In a split decision on Tuesday July 13, the three-judge panel overturned a US Court of International Trade (CIT) ruling that put a time limit on presidential tariff authority under Section 232.

Mark Shenk | amm.com

#steel #tariff

Waupaca Foundry

Global MFG - Jul 15, 2021

Steel Cheers US Court Ruling on Section 232

Steelmakers in the United States applauded a ruling by the US Court of Appeals for the Federal Circuit that confirmed the US President can boost Section 232 tariffs long after they were first implemented.

In the two-to-one decision on Tuesday July 13, the three-judge panel overturned a US Court of International Trade (CIT) ruling that put a time limit on presidential tariff authority under Section 232.

Mark Shenk | amm.com

#steel #tariff

Waupaca Foundry

Global MFG - Jan 15, 2020