Global Fastener News

Tag "tariffs"

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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Fastener Industry Scores Win in Trade ‘War’ with China

June 15
15:18 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 05
15:24 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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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purchasing refocused on Taiwan from which imports continued to grow – even after the antidumping duties on China were repealed," according to Fastener + Fixing executive editor Phil Matten.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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EU Lists Potential Retaliatory Tariffs on U.S. Fasteners

March 19
12:40 2018
    EU Lists Potential Retaliatory Tariffs on U.S. Fasteners

The European Commission has published a 10-page provisional list of imported U.S. products, from peanut butter and orange juice to steel fasteners, that Europe is threatening to apply 25% import duties unless the EU is exempted from steel and aluminum duties imposed by U.S. President Donald Trump, Fastener + Fixing Magazine reports.

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Trump Signs Orders on Tariffs

March 08
17:26 2018
    Trump Signs Orders on Tariffs

The tariffs, which go into effect March 23, do not appear to directly affect fasteners and other finished steel products. But the threat of steel hikes could have a chilling effect on the U.S. economy, economists warn. Steel prices were already up by more than 12% year to date as of Feb. 27, Barron’s reports.

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Trump Announces Steel Tariff

February 27
10:39 2018
    Trump Announces Steel Tariff

“President Donald Trump said the U.S. plans to impose 25% tariffs on steel imports and 10% on aluminum, and expects to sign a formal order next week,” Bloomberg reports.

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EU Rejects Fastener AD Tariff Refund Case

April 04
14:55 2017
    EU Rejects Fastener AD Tariff Refund Case

“The European Commission argued that the claim should not be admitted on the basis IPM had not been directly impacted by the regulation it had challenged,” Fastener + Fixing Magazine reports.

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Europe Divided on Trade Issues With China

March 07
09:33 2017
    Europe Divided on Trade Issues With China

Currently the EU has no antidumping measures on fastener imports. In February 2016 the EU repealed antidumping duties of up to 74.1% on carbon steel fasteners originating in People’s Republic of China after four consecutive EU ‘defeats’ at the WTO Dispute Settlement Body, according to Fastener + Fixing editor Phil Matten.

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