US. President Donald Trump on Friday signed a proclamation increasing tariffs on derivative steel products by an additional 25% and boosting duties on derivative aluminum products by an additional 10%.
Brazilian President Jair Bolsonaro said on Friday that US President Donald Trump told him in a phone conversation that his administration will not levy new tariffs on Brazilian steel and aluminum as threatened earlier this month.
The United States struck deals on Friday to lift tariffs on steel and aluminum imports from Canada and Mexico, the three governments said, removing a major obstacle to legislative approval of a new North American trade pact.
Prime Minister Theresa May has paid tribute to Canadian PM Justin Trudeau's leadership after a G7 summit which she described as difficult. President Donald Trump attacked America's closest allies in tweets after leaving the meeting in Canada. He said Mr Trudeau was very dishonest and weak and acts hurt when called out.
Norway’s Norsk Hydro ASA (OSL: NHY), Europe’s third largest aluminum maker, agreed to buy mining and smelting assets from Vale (NYSE: VALE) in a deal valued at 4.9 billion US dollars, boosting its control over raw materials used in production.