Global Fastener News

Tag "tariffs"

NORMA Group Reports Strong Organic Growth

August 01
16:06 2018

“Tense situation on raw material markets,” including U.S. steel and aluminum tariffs, trimmed first-half earnings.

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Fasteners Targeted in Latest U.S. Tariffs Against China

July 16
23:49 2018
    Fasteners Targeted in Latest U.S. Tariffs Against China

The White House is considering additional tariffs of 10% on $200 billion worth of Chinese exports, including fasteners. If implemented, this third round of Section 301 tariffs would begin in September.

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U.S. Issues Steel Exclusions from 232 Tariffs

July 01
15:27 2018
    U.S. Issues Steel Exclusions from 232 Tariffs

More denials than approvals amid reports that “large steel companies like US Steel (X) and Nucor (NUE) have tried to block many requests at the last minute, giving businesses that want exemptions little or no time to respond.”

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Steel Group Suit Challenges Trump Tariffs

June 28
14:04 2018

Lawsuit comes amid news that Missouri-based Mid Continent Nail Corp. laid off 60 workers after losing 50% of its business in the first two weeks of June.

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EU Counters 232 Measures with Fastener Tariffs

June 21
19:19 2018
    EU Counters 232 Measures with Fastener Tariffs

News that the European Union will apply 25% “rebalancing” tariffs on a range of products imported from the U.S., including seven categories of fasteners, comes amid reports that the U.S. Commerce Department is scrambling to assemble a team to evaluate thousands of exclusion requests.

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Fastener Industry Scores Win in Trade ‘War’ with China

June 18
22:18 2018
    Fastener Industry Scores Win in Trade ‘War’ with China

Steel and iron nuts (HS code 73181600) were excluded from a list of Chinese products subject to a 25% tariff by the Trump administration under Section 301 of the Trade Act of 1974.

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MWFA Panel: No Chance Fastener Prices Dropping

June 18
21:24 2018
    MWFA Panel: No Chance Fastener Prices Dropping

“Panic buying” among problems Kerr, Cincinello, Herbst and Hunt discuss at Mid-West Fastener Association meeting.

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4 Ways A U.S.-China Trade War Could Play Out

June 18
12:15 2018
    4 Ways A U.S.-China Trade War Could Play Out

The Trump administration is betting Beijing will blink first in the showdown over tariffs. Such an outcome is far from assured—and it could also take a while, according to Bloomberg.

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EU Fastener Import Trends

June 03
15:48 2018

"As markets recovered and importers returned to long range, longer lead time sourcing, purchasing refocused on Taiwan from which imports continued to grow – even after the antidumping duties on China were repealed," according to Fastener + Fixing executive editor Phil Matten.

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Trump Metals Tariffs Hit Allies

May 31
12:03 2018
    Trump Metals Tariffs Hit Allies

“Raw material prices and lead times were already increasing (25% - 40%),” the Industrial Fasteners Institute’s Washington representative Jennifer Baker Reid told GlobalFastenerNews.com. “This will make matters worse.”

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301 Tariffs May Apply 25% Duty to “All” Nuts

May 29
17:13 2018
    301 Tariffs May Apply 25% Duty to “All” Nuts

Currently all nuts (HS code73181600), including inch, metric, and locking nuts, are on the list of goods that will receive the 25% duty announced by the White House.

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301 Tariffs Cast Shadow Over Fastener Industry

May 22
19:20 2018
    301 Tariffs Cast Shadow Over Fastener Industry

In addition to the looming 232 tariffs on steel and aluminum, the fastener industry is also grappling with the fallout from an additional set of tariffs that could place a 25% tariff on all imported nuts.

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SFA Panel: U.S. Tariffs 
Hiking Steel Prices

May 10
10:21 2018
    SFA Panel: U.S. Tariffs 
Hiking Steel Prices

Southwestern Fastener Association panelists agreed U.S. steel and aluminum tariffs are not creating jobs – just price increases.

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Trump Delays Tariffs For Allies

May 08
15:03 2018
    Trump Delays Tariffs For Allies

White House trade adviser Peter Navarro said every country granted an exemption from the tariffs will face an import quota and other restrictions. He also indicated that this extension is the last one Trump will grant.

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U.S. Placing Tariffs on Wire Rod Imports

May 08
12:00 2018
    U.S. Placing Tariffs on Wire Rod Imports

Commerce will issue AD duty orders on imports of carbon and certain alloy steel wire rod from Italy, Korea, Spain, Turkey, and the UK, and countervailing duty orders on imports of this product from Italy and Turkey.

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Trump Tariffs Squeezing U.S. Fastener Manufacturers

April 16
18:15 2018
    Trump Tariffs Squeezing U.S. Fastener Manufacturers

Higher prices and a ‘burdensome’ exclusion process fuel uncertainty, according to the Industrial Fasteners Institute's Washington representative Jennifer Baker Reid.

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Tariffs, Prices Threaten Expansion at U.S. Factories

April 02
10:13 2018
    Tariffs, Prices Threaten Expansion at U.S. Factories

Concerns grow about exports slipping as other countries retaliate with tariffs on American goods, the Wall Street Journal reports. “There’s just this massive uncertainty that gets inserted into the manufacturing cycle.”

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U.S. Lifts Tariffs For Allies

March 22
17:54 2018
    U.S. Lifts Tariffs For Allies

Speaking before the Senate Finance Committee, U.S. trade representative Robert Lighthizer said the EU, along with Argentina, Australia, Brazil and South Korea, would be exempted from the 25% tariff on steel and 10% on aluminum. Canada and Mexico have already been excluded.

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IFI’s Johnson at NFDA: Tariffs Won’t Last

March 20
06:11 2018
    IFI’s Johnson at NFDA: Tariffs Won’t Last

Industrial Fasteners Institute chair Phil Johnson, CEO of Agrati’s ContMidGroup, predicted the Trump tariffs won’t last, just as the announced three-year 30% steel tariffs during the George W. Bush administration lasted only half as long as intended.

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Commerce Lists Tariff Exclusion Process

March 19
16:01 2018

U.S. companies seeking to avoid paying tariffs on steel and aluminum may have to wait as long as 90 days before an exclusion is granted.

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