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Trump reinstates steel tariffs: global reactions and economic fallout
US President Donald Trump has reinstated the full 25% steel tariffs under Section 232. This decisive move aims to curb surging imports and bolster US manufacturing. With exemptions removed and impacts stretching from producers to downstream manufacturers, the global steel industry braces for widespread effects.
February 17, 2025
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By Robert England, Gabriela Brumatti, Ana Enis, the Fastmarkets team
Insights
Trade barriers unlikely to impact silicon metal supply chain, insights from Elkem
European silicon giant downplays trade disruption fears amid market volatility, revealing improved Q4 earnings despite falling revenues and alumnium sector weakness.
February 17, 2025
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By Julienne Raboca
Insights
EU, UK respond strongly to US plan to reinstate 25% steel import tariff
US President Donald Trump’s decision to impose 25% tariffs on imports of steel products into the US has generated a strong reaction in the EU, with market sources expecting a domino effect and a subsequent trade war, Fastmarkets heard on Tuesday February 11.
February 12, 2025
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By Julia Bolotova, Holly Chant, the Fastmarkets team
Insights
Lumber prices: Five predictions for the housing and wood products markets in 2025 | 2025 preview
Access our expert lumber predictions for 2025, including insights into significant movements in the housing market.
February 12, 2025
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By Dustin Jalbert, Jennifer Coskren, Emerson Paradee
Insights
Slight uptick in lumber prices after tariffs delayed 30 days
A 30-day delay in implementation of tariffs on Canadian shipments to the US reset recent trends in framing lumber markets. Sales picked up in most regions and species, but higher quotes early in the week retreated nearer to last week’s levels. Western S-P-F sales were mixed, but several secondaries reported their strongest days of the […]
February 7, 2025
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By Joe Pruski, the Fastmarkets team
Insights
How would US trade tariffs on the EU impact the European pulp and paper industry?
The new US trade tariffs threaten the fragile global trade balance and risks reigniting inflation.
February 6, 2025
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By Alejandro Mata Lopez
Insights
Tit-for-tat trade war begins after US announces tariffs | Hotter Commodities
United States President Donald Trump signed an executive order to implement tariffs on imports from Mexico, Canada, and China on Saturday February 1, sparking swift retaliation and sending world trade into uncharted territory.
February 3, 2025
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By Andrea Hotter
Insights
US withdrawal from Paris Agreement raises questions over CORSIA credit supply and demand
Read Fastmarkets' carbon market coverage on why US President Trump's executive order to exit the Paris Agreement has sparked uncertainty over CORSIA credit supply and demand.
January 23, 2025
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By Sam Carew
Insights
Unleashing executive orders | Hotter Commodities
President Donald Trump’s long-promised series of day-one executive orders imply a seismic shift in the approach of the United States to the environment, critical minerals and energy.
January 22, 2025
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By Andrea Hotter
Insights
Combatting the threat of ‘dirty’ imports with a carbon tariff: Circular Steel Summit
The biggest threat to keeping carbon emissions low in the steel industry is imports flowing in from regions where there is a lack of focus on emissions reduction, Kevin Dempsey, president and chief executive officer of the American Iron and Steel Institute, said at Fastmarkets’ second annual Circular Steel Summit on Wednesday January 15 in Houston, Texas.
January 17, 2025
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By Alesha Alkaff
Insights
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