Global Fastener News

Tag "tariffs"

U.S. Tariff Hike On Chinese Fasteners Delayed

December 03
00:56 2018
    U.S. Tariff Hike On Chinese Fasteners Delayed

Section 301 tariffs of 10% on $200 billion worth of Chinese goods, including a majority of fasteners manufactured in China, were scheduled to increase to 25% on January 1, 2019.

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Sciarra: Work With Trade Groups on U.S. Tariffs

November 15
21:41 2018
    Sciarra: Work With Trade Groups on U.S. Tariffs

“The automotive and equipment associations work hard,” stated Vanessa Sciarra, VP for legal affairs and Trade & Investment Policy for the National Foreign Trade Council. “They are your best friends.”

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Sciarra: Work With Trade Groups on U.S. Tariffs

November 12
12:03 2018
    Sciarra: Work With Trade Groups on U.S. Tariffs

“The automotive and equipment associations work hard,” stated Vanessa Sciarra, VP for legal affairs and Trade & Investment Policy for the National Foreign Trade Council. “They are your best friends.” 

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October FDI Accelerates

November 12
02:12 2018
    October FDI Accelerates

Sales and hiring increased during the month, while customers expressed uncertainty about future orders due to U.S. tariffs.

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Tariffs Session Added to 2018 IFE Program

October 22
03:13 2018

Vanessa Sciarra of the National Foreign Trade Council will speak Tuesday during the October 30 - November 1 International Fastener Expo in Las Vegas.

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Trump Metals Tariffs Will Cost Ford $1 Billion In Profits

September 26
16:30 2018
    Trump Metals Tariffs Will Cost Ford $1 Billion In Profits

“From Ford’s perspective the metals tariffs took about $1 billion in profit from us,” CEO James Hackett said at a Bloomberg conference in New York. “The irony of which is we source most of that in the U.S. today anyway. If it goes on any longer, it will do more damage.”

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Fastener Tariffs Throughout The Years

September 26
11:33 2018
    Fastener Tariffs Throughout The Years

During FIN’s 40 years covering the fastener industry, tariffs have made frequent headlines.

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Trump Imposes Tariff on $200b of Chinese Goods, Including Fasteners

September 24
22:44 2018
    Trump Imposes Tariff on $200b of Chinese Goods, Including Fasteners

The additional tariffs take effect September 24, 2018, and initially will be in the amount of 10%. Starting January 1, 2019, the level of the additional tariffs will increase to 25%. 

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Taiwan Fastener Exports Set Records In H1

September 24
21:19 2018
    Taiwan Fastener Exports Set Records In H1

Taiwan fastener exports set records in export volume, price and value during the first half of 2018, ChinaFastener.Info reports. Fastener exports from Taiwan could see increased gains in the second half of 2018 if U.S. President Donald Trump applies additional tariffs of 10% on $200 billion worth of Chinese exports, including fasteners.

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Trump Tariffs Prompt Immediate Fastener Price Hikes

September 24
19:49 2018
    Trump Tariffs Prompt Immediate Fastener Price Hikes

“Section 301 tariffs act as a tax, and effective immediately, the replacement costs of all of BBI’s imports of affected items will have increased by 10%. As a result, we have increased our pricing respectively to absorb the cost increase,” Brighton-Best International stated in a letter to customers dated September 18.

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Riggs: 232 Tariff Process is Like ‘Fox Guarding The Henhouse’

August 27
23:49 2018
    Riggs: 232 Tariff Process is Like ‘Fox Guarding The Henhouse’

“Normally you find your injury, you file a case with the World Trade Organization, and they investigate,” Riggs explained to attendees of Pac-West’s autumn meeting in Whitefish, MT. “Currently, we have skipped the WTO and done our own investigation.”

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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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