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Merkel: U.S.-China trade conflict hitting Germany

BERLIN (Reuters) – Chancellor Angela Merkel said on Wednesday that the trade conflict between the United States and China was hitting Germany, which has traditionally relied on exports to propel its economy. “We have international uncertainty due to the U.S.-C... More »

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Trump push for China trade reform draws wide support at home, abroad

WASHINGTON/BRUSSELS/BEIJING (Reuters) – U.S. President Donald Trump’s blunt-force use of tariffs in pursuing his “America First” trade agenda has angered many, from company executives to allied governments and members of both parties of Congress. But there’s o... More »

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German carmakers to invest 60 billion euros in electric cars and…

FRANKFURT (Reuters) – Germany’s car industry is to invest nearly 60 billion euros ($68 billion) over the next three years on electric cars and automated driving, the head of the VDA car industry association said ahead of the Geneva motor show. “We will invest ... More »

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Trump says may extend March 1 deadline for China trade deal

WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday he may extend a March 1 deadline for reaching a trade deal with China while keeping current tariffs in place, adding that the negotiations are “very complicated.” “There is a possibility that I ... More »

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Canada says it takes Trump’s talk of NAFTA withdrawal seriously

OTTAWA (Reuters) – Canada takes U.S. President Donald Trump’s comments about pulling out of NAFTA seriously and has no indication when the White House might act, Finance Minister Bill Morneau said on Monday. Morneau, speaking to a New York event arranged by Po... More »

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Glencore appoints new industrial mining chief, copper marketing…

LONDON (Reuters) – Glencore (GLEN.L) has appointed Peter Freyberg to the newly created role of head of industrial mining, the global trader and miner said on Monday, while its head of copper marketing Telis Mistakidis retires at the end of the year. The London... More »

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Russia raises duties on U.S. goods in response to trade restrictions

MOSCOW (Reuters) – Russian Prime Minister Dmitry Medvedev has signed a decision imposing extra duties of 25-40 percent on some imports from the United States in response to Washington’s tariff move, the Russian economy ministry said on Friday. The extra duties... More »

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Germany’s Merkel laments fraying of multilateral order

BERLIN (Reuters) – Germany is worried by signs of weakening in the network of multilateral organizations and agreements designed to foster international cooperation, Chancellor Angela Merkel said on Monday. Merkel blamed the fraying of the multilateral order o... More »

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EU trade chief to meet U.S. peers Ross, Lighthizer in Paris on…

BRUSSELS (Reuters) – Europe’s top trade official Cecilia Malmstrom will meet U.S. counterparts Wilbur Ross and Robert Lighthizer in Paris on Wednesday, two days before a temporary reprieve from U.S. steel and aluminum tariffs is due to expire. “A bilateral mee... More »

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Stocks stumble as U.S. yields near the 3 percent barrier

LONDON (Reuters) – World stocks slipped on Monday ahead of a blizzard of earnings from the world’s biggest firms and as wary investors watched U.S. bond yields approach peaks that have triggered market spasms in the past. The yield on 10-year U.S. Treasuries U... More »

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Trade war backfire: Steel tariff shrapnel hits U.S. farmers

KANE COUNTY, Ill. (Reuters) – Lucas Strom, who runs a century-old family farm in rural Illinois, canceled an order to buy a new $71,000 grain storage bin last month – after the seller raised the price 5 percent in a day. The reason: steel prices jumped right a... More »

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Column: U.S. sanctions on Rusal threaten aluminum turmoil: Andy Home

LONDON (Reuters) – U.S. tariffs on imports have already roiled the aluminum market. U.S. sanctions on Oleg Deripaska and his companies are going to cause even more turmoil, given they encompass Rusal, which produces around 6 percent of the world’s aluminum. De... More »

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Trump to unveil China tariff list this week, targeting tech goods

WASHINGTON (Reuters) – The Trump administration this week will unveil the list of Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move expected to intensify trade tensions between the world’s two largest economi... More »

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Russian billionaire Potanin buys 2 percent of Nornickel from…

MOSCOW (Reuters) – Russian billionaire Vladimir Potanin’s Interros Holding said it had completed the purchase from businessman Roman Abramovich of a 2 percent stake in Norilsk Nickel, which has been the subject of a legal battle. Abramovich struck a provisiona... More »

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Tariffs should be part of U.S. trade policy, Trump foe Warren says

Senator Elizabeth Warren (D-MA) questions Alex Azar (not pictured) during a Senate Health, Education, Labor and Pensions Committee hearing on his nomination to be Health and Human Services secretary on Capitol Hill in Washington, U.S., November 29, 2017. REUTE... More »

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Trump trade adviser sees business exemptions for new tariffs

U.S. President Donald Trump listens to reporters as walks with first lady Melania Trump on South Lawn of the White House upon their return to Washington, U.S., from Palm Beach, Florida, March 3, 2018. REUTERS/Yuri Gripas WASHINGTON (Reuters) – A top trade advi... More »

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Key U.S. lawmaker urges steel tariff exemptions for NAFTA allies

FILE PHOTO: Rep. Kevin Brady (R-TX), Chairman of the House Ways and Means Committee, arrives for a Republican conference meeting at the U.S. Capitol in Washington, U.S., December 20, 2017. REUTERS/Aaron P. Bernstein MEXICO CITY (Reuters) – An influential U.S. ... More »

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UK PM May tells Trump of ‘deep concern’ over metals tariffs

Britain’s Prime Minister Theresa May talks to Andrew Marr for the Marr Show on BBC television in London, Britain March 2, 2018. Picture taken March 2, 2018. Jeff Overs/BBC/Handout via REUTERS LONDON (Reuters) – British Prime Minister Theresa May told U.S. Pres... More »

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As NAFTA weighs, Trump’s tariffs drive new U.S. auto concerns

U.S. President Donald Trump waves upon his arrival in West Palm Beach, Florida, U.S., March 2, 2018. REUTERS/Kevin Lamarque MEXICO CITY (Reuters) – From a hotel in Mexico City, Ann Wilson, a senior executive at the U.S. Motor and Equipment Manufacturers Associ... More »

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NAFTA talks on autos eyed for next week: Mexico negotiator

Mexico’s chief negotiator Kenneth Smith speaks to journalists at the hotel where the seventh round of NAFTA talks takes place, in Mexico City, Mexico March 2, 2018. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – U.S., Mexican and Canadian trade experts leading... More »

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The financial impact of Trump’s tariffs on steel and aluminum

DETROIT (Reuters) – If U.S. President Donald Trump goes ahead with sweeping tariffs on steel and aluminum imports, it could lower profits for companies making everything from pickup trucks to canned soup, or result in higher prices for consumers. Trump has thr... More »

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Asia fears trade war after Trump plans hefty steel, aluminum tariffs

FILE PHOTO: Steel pipes for sale are displayed at a shop in the Mullae-dong steel product district in Seoul July 13, 2010. REUTERS/Jo Yong-Hak/File Photo SEOUL/SYDNEY (Reuters) – U.S. President Donald Trump’s planned tariffs on steel and aluminum will distort ... More »

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U.S. aluminum premiums hit near three-year high after U.S. flags…

A partially assembled Chevrolet 2017 Sonic is seen on the assembly line at GM’s Orion Assembly plant in Orion, Michigan, U.S., June13, 2017. REUTERS/Rebecca Cook MELBOURNE (Reuters) – Premiums for aluminum metal in the United States spiked to the highest in al... More »

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Unhappy Canada vows to retaliate against any U.S. steel tariffs

FILE PHOTO: Canadian Foreign Minister Chrystia Freeland gives a speech during a joint news conference with Mexican Foreign Minister Luis Videgaray and U.S. Secretary of State Rex Tillerson in Mexico City, Mexico February 2, 2018. REUTERS/Henry Romero OTTAWA (R... More »

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U.S. energy industry slams Trump’s ‘job-killing’ steel tariffs

FILE PHOTO: Steel pipes for sale are displayed at a shop in the Mullae-dong steel product district in Seoul July 13, 2010. REUTERS/Jo Yong-Hak/File Photo HOUSTON/WASHINGTON (Reuters) – The U.S. oil and gas industry on Thursday slammed President Donald Trump’s ... More »

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Ford revs up large SUV production to boost margins, challenge GM

A Ford worker inspects paint work on the body of a Ford Expedition SUV at FordÕs Kentucky Truck Plant as the No. 2 U.S. automaker ramps up production of two large SUV models in Louisville, Kentucky, U.S., February 9, 2018. REUTERS/Nick Carey LOUISVILLE (Reuter... More »

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U.S. producers seek to block Chinese aluminum shipped via Vietnam

A worker drives a forklift to transport aluminum bars at a factory in Anshun, Guizhou province, China, July 1, 2013. REUTERS/Stringer WASHINGTON (Reuters) – U.S. aluminum products makers sought new trade protections against Chinese imports on Tuesday, accusing... More »

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Kobe Steel loses JIS certifications, faces lawsuits in Canada

FILE PHOTO: The logo of Kobe Steel (Kobelco) is seen at the company headquarters in Kobe, western Japan October 24, 2017. REUTERS/Thomas White/File Photo TOKYO (Reuters) – Kobe Steel Ltd (5406.T) said on Friday it has been hit with lawsuits over its data tampe... More »

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China’s commodity imports roar back in November

FILE PHOTO: An employee rides a bike on a road near refinery plants of Chambroad Petrochemicals, in Boxing, Shandong Province, China, May 10, 2016. REUTERS/Meng Meng/File Photo BEIJING (Reuters) – China’s commodity imports roared back in November as supply wor... More »

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Elliott releases private letters after Arconic CEO`s departure

FILE PHOTO: Klaus Kleinfeld, Chief Executive Officer of Arconic, takes part in the Yahoo Finance All Markets Summit in New York, U.S., February 8, 2017. REUTERS/Lucas Jackson Activist hedge fund Elliott Management released the private letter written by Arconic... More »