News & Analysis as of

Steel Industry

Court Of Appeal Of England And Wales Finds That Party’s Forgery Of Documents In Connection With A Transaction Does Not Bar...

by Carlton Fields on

The Court of Appeal of England and Wales has rejected a challenge to an arbitration award issued by the China International Trade Arbitration Commission (the “Tribunal”) against RBRG Trading (UK) Limited in favor of Sinocore...more

Issues Surround US Tariffs on Steel and Aluminum

by Cozen O'Connor on

By May 1, 2018, President Trump needed to decide whether tariffs of 25% on steel and 10% on aluminum imports would go into effect for the EU, Canada, and Mexico. However, Trump pushed back this deadline by 30 days....more

Your Daily Dose of Financial News

by Robins Kaplan LLP on

As we anticipated, the Fed held pat on rates yesterday, acknowledged rising inflation but betrayed little concern about it, and gave no signs of moving away from plans to next raise rates in June....more

Who Will Pay The Tariffs?

by Cohen & Grigsby, P.C on

Effective March 23, 2018, the U.S. government imposed new tariffs on steel and aluminum under Section 232 of the Trade Expansion Act of 1962 on most countries, excluding Canada and Mexico and providing a temporary reprieve to...more

Regarding tariffs on Chinese goods and impact to Aerospace, Defense, and Government Services companies

by Hogan Lovells on

On April 3, 2018, the Office of the U.S. Trade Representative (USTR) issued recommended tariffs on US$50 billion worth of Chinese goods that the United States says benefit from Beijing’s industrial “Made in China 2025” plan....more

President Continues 232 Exemptions For Certain Countries, Announces Quota On Imports Of Steel From South Korea

by Husch Blackwell LLP on

On April 30, 2018, the President issued two new Proclamations regarding the 232 tariffs imposed on imports of steel and aluminum articles into the United States. The new Proclamations modify the previous steel and aluminum...more

Your Daily Dose of Financial News

by Robins Kaplan LLP on

Some inside baseball on how Sprint and T-Mobile are likely to try to convince suspicious regulators that their merger is a good thing. Hint: it has a lot to do with China and 5G....more

The Canadian steel industry – forging a future on shifting sands

by DLA Piper on

In the last 15 years, most of Canada’s major steel manufacturers have been subject to at least two formal insolvency proceedings. Most recently, rather than embark on its fourth restructuring proceeding, Ontario’s Hamilton...more

Is Your Business Impacted by Tariffs?

by Gray Reed & McGraw on

Last month’s back-and-forth between the United States and China resulted in a flurry of proclamations establishing tariffs on imports from the respective countries. We’re here to help boil it down so you know whether your...more

Force Majeure, Now What?

by Bracewell LLP on

As discussed in our last alert, the possibility of parties turning to force majeure clauses as an excuse for performance in the face of steel and aluminum tariffs has become a reality. While the government deals with numerous...more

Exclusion Options from Steel and Aluminum Tariffs

by Varnum LLP on

As noted in our recent tax advisory, President Trump Issues Proclamations Imposing Increased Tariffs on Imported Aluminum and Steel, President Trump signed two proclamations imposing tariffs of 25 percent on imported steel...more

Energy Newsletter - April 2018

by King & Spalding on

FERC Initiates Sweeping Reform of Ratemaking Treatment for Income Taxes - On March 15, 2018, the Federal Energy Regulatory Commission (FERC) released a series of issuances intended to address the need to reflect the lower...more

Impending Tariffs Could Increase Cost of Performance, but Remedy-Granting Clauses May Allow for Price Adjustments

As talk of a trade war escalates, government contractors should be alert to the possibility that the recently imposed steel and aluminum tariffs could increase their cost of performance. The orders, signed March 8, 2018,...more

Trade & Manufacturing - April 2018

by King & Spalding on

Trump Administration Rolls Out Section 232 Tariffs On Steel And Aluminum Imports - On March 8, 2018, President Trump exercised “his authority to impose a 25 percent tariff on steel imports and a 10 percent tariff on...more

Five Things You Must Know About Trade Wars

On April 3, 2018, President Trump’s U.S. Trade Representative released a list of 1300 categories of Chinese goods that will be subject to 25% tariffs. That followed a tit-for-tat exchange in which President Trump announced a...more

The Trump Administration’s Steel and Aluminum Tariffs

by Cozen O'Connor on

On March 1, 2018, President Trump announced new tariffs on steel and aluminum imports, rejecting push back from his own advisers and objections from both Democrats and Republicans. ...more

Trade & Manufacturing - News of Note - April 2018

by King & Spalding on

Update On China And EU Responses To Steel And Aluminum Tariffs – As reported above, President Trump imposed tariffs on steel and aluminum products pursuant to Section 232 of the Trade Expansion Act of 1962....more

US Aluminum/Steel Tariffs and Irish/NI Companies

by Arnall Golden Gregory LLP on

Several Irish and NI companies have asked me whether the recently-imposed US tariffs on aluminum and steel would impact their products–products that use/incorporate aluminum and steel. Much of the confusion stems from how the...more

The State Of Buy America: Changes To New York’s Domestic Preference Regime For Public Works And Infrastructure Projects

by Seyfarth Shaw LLP on

The state of New York has adopted legislation tightening the regulatory regime governing the use of steel in construction and infrastructure projects, including structural steel, structural iron, reinforcing steel, and the...more

Potential trade war looms

by Hogan Lovells on

As potential trade war looms, nearly 1,300 U.S.-imports may be subject to additional 25 percent tariffs under Section 301. U.S. imports from China potentially subject to additional duties include certain chemicals,...more

Trade Wars: Do the Steel and Aluminum Tariffs Create a Force Majeure to Excuse Contract Performance Under North Carolina or South...

The federal government recently implemented new tariffs on steel and aluminum pursuant to Section 232 of the Trade Expansion Act of 1962. Effective March 23, the government imposed a 25 percent tax on steel and a 10 percent...more

White House Announces Products Potentially Subject To Tariffs

On April 3, the Office of the United States Trade Representative ("USTR") identified hundreds of Chinese products against which it proposes to impose 25 percent import duties under Sections 301 and 304 of the Trade Act of...more

US-China Update: Is It a Trade War Yet - Or Just a Showdown? China Responds to US Threats of Additional Tariffs on Chinese...

Immediately after the United States Trade Representative (USTR) proposed an additional duty of 25% on over 1300 categories of products from China, China’s Ministry of Commerce (MOFCOM) responded with its own proposed list of...more

Your Daily Dose of Financial News

by Robins Kaplan LLP on

With all that went on between the US and China over the past week alone on tariffs, a timeline may help. Luckily, the Times was thinking of our plight when it put this together....more

New Exclusions Process Gives Automotive Companies the Possibility of Exemption from Section 232 Steel and Aluminum Tariffs

by Foley & Lardner LLP on

On March 23rd, automotive companies that rely on imported steel and aluminum were confronted with new special tariffs of 25 percent on all imports of steel and tariffs of ten percent on all imports of aluminum, with temporary...more

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