Saturday, March 29, 2025

Tag: Tariffs

EU to Clamp Down on Korean Steel, Quotas Drop Starting April 1

The EU will cut South Korea's tariff-free steel import quota by 14%, impacting the steel industry significantly from April 1.

$12K Copper? Traders Bet Big on Supply Squeeze and Trump Tariff Threats

Copper prices are set to exceed $12,000 per ton due to rising demand and potential U.S. tariffs, impacting global market dynamics.

Trump Hints at Car and Pharma Tariffs — But Keeps April 2 Plans Vague

Trump indicates tariffs on cars and pharmaceuticals are imminent but may be delayed; April 2 remains a key date for trade announcements.

Hyundai’s $20B U.S. Expansion to Include Louisiana Steel Plant and EV Production

Hyundai Motor Group plans a $20 billion U.S. investment to boost production and avoid tariffs under Trump's trade policies.

Wall Street Soars as ‘Trump Put’ Calms Tariff Fears

Wall Street surged as tech stocks rallied, led by Tesla and Nvidia, following Trump's tariff policy hints, boosting investor sentiment.

Oil Prices Jump for 4th Straight Day as Trump Targets Venezuela

Global oil prices rise for four days due to supply concerns and U.S. sanctions on Venezuela, impacting trade with China.

EU Takes Aim at Big Tech Again — Google and Apple Ordered to Comply

The EU has ruled that Google violated the Digital Markets Act, issuing compliance orders to both Google and Apple amid rising regulatory pressures.

Reciprocal Tariffs Are Coming — But No One Knows How They’ll Work

Trump's reciprocal tariffs set for April 2 face complications, with inconsistent approaches and challenges in quantifying rates.

U.S. Tariffs Hit South Korean Firms in Mexico, Shifting North American Strategy

Increased supply chain cooperation among the U.S., Canada, and Mexico could boost South Korean exports amid rising tariffs.

Trump’s Tariff Push Threatens Hyundai Glovis’ U.S. Market Edge

Trump's tariffs on automotive parts and vehicles may impact Hyundai Glovis' logistics, affecting costs and U.S. market competitiveness.

Trump Insists on April 2 Tariff Announcement, Calls Canada Unnecessary

Trump announces reciprocal tariffs, emphasizes U.S. interests, discusses Ukraine ceasefire, and suggests U.S. annexation of Greenland.

Tesla Soars 7%, Nvidia Gains 6%, but Dow Closes Down Again

The NYSE rebounded with tech stocks like Tesla and Nvidia rising, while the Dow continued to decline amid mixed industry effects.