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Global MFG - Jan 15, 2020

U.S. China reset trade relationship with Phase 1 agreement

U.S., China reset trade relationship with Phase 1 agreement

The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. products, defusing an 18-month row between the world's two largest economies but leaving a number of sore spots unresolved.

Jeff Mason and Andrea Shalal | Automotive News

#china #tariff

Waupaca Foundry

Global MFG - May 21, 2019

Trump Lifts Tariffs on Mexico Canada

Trump Lifts Tariffs on Mexico, Canada

Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America's allies — lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe. By removing the metals tariffs on Canada and Mexico, Trump cleared a key roadblock to a North American trade pact his team negotiated last year. As part of Friday's arrangement, the Canadians and Mexicans agreed to scrap retaliatory tariffs they had imposed on U.S. goods.

Paul Wiseman, Tom Krisher, Kevin Freking, Rob Gillies | Industrial Equipment News (IEN)

#canada #manufacturing #mexico #tariff

Waupaca Foundry

- Feb 16, 2017

Trump tariff could sideswipe U.S. auto industry

Trump tariff could sideswipe U.S. auto industry

President Donald Trump's threat to tax Mexican-made cars sold in the U.S. could throw the industry into disarray.

DEE-ANN DURBIN | Milwaukee Journal Sentinel

#nafta #tariff

Waupaca Foundry

Iron Castings - Aug 1, 2016

Stiff Duties Expected on Driveline Components from China and Canada

The Department of Commerce and International Trade Commission suspect driveline components exported from China and Canada to the US are sold at prices below fair market value or are being subsidized by a foreign "authority". However, a new anti-dumping or countervailing duty rule could change that. Preliminary findings of investigations by the Department of Commerce into subsidies and dumping allegations indicate that duties could soon be imposed on iron castings from these two countries.

#driveline #tariff