It could take up to 90 days to make determinations.
Steel Mining News
Xi said both countries should cooperate despite ideological differences.
Donald Trump is already taking up a lot of Justin Trudeau’s bandwidth. Steel tariffs sent it to another level.
Sean Donnelly, CEO of the company, added that the Canadian government must put resources in place to ensure that cheap steel is not diverted to Canada.
“We are ready to take action whenever action is required ... we had your backs last week and we always will,” Trudeau said after visiting a Rio Tinto smelter in Quebec.
German Chancellor Angela Merkel said Europe must be ready to respond to the unilateral imposition of trade tariffs by the United States but she first hoped for talks on the issue.
Elizabeth Warren stopped short of endorsing Trump's decision to launch steep tariffs on steel and aluminum.
Reactions continue to pour in following U.S. President Donald Trump’s imposition of 25 per cent tariffs on steel imports and 10 per cent for aluminium for almost every country but Mexico and Canada.
Elon Musk took to Twitter to call on U.S. President Donald Trump to challenge Chinese auto trade rules.
Brazil, Argentina, Japan and the EU have expressed concerns about the measure.
Trump has also demanded concessions from the European Union and has threatened to hike tariffs on auto imports from Europe.
White House says not just Canada, Mexico could be excluded.
Fall followed news that a top economic advisor to the Trump administration had resigned, stoking fears of a trade war and knocking down the dollar.
Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and aluminium.
BHP chief executive officer Andrew Mackenzie believes US President Donald Trump’s plans for steel and aluminum tariffs will harm the global economy.
China’s state planner pledged on Monday to cut more steel and coal production capacity this year.
While tariffs could increase domestic demand for metallurgical coal - which is used in the steelmaking process - most of the market for that fuel is abroad.
With utilisation rates rising so high, the US domestic steel prices are likely to increase by at least the 25% - as per the new tariff.
Trump said Canada and Mexico could avoid planned steel and aluminum tariffs if they ceded ground in talks on a new NAFTA trade deal.
President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminum to protect U.S. producers.
Crops, meat and energy trade in both directions across the Canada-US border, making it difficult to retaliate against US products in those industries.
It’s said that in China, a new skyscraper is built every five days.
Canada, the biggest foreign supplier of steel and aluminum to the United States, quickly pledged to retaliate if necessary.
U.S. President Donald Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, after his plan to put tariffs on imports of steel and aluminium triggered global criticism and a slide in world stock markets.
The U.S. oil and gas industry slammed Trump’s plan to impose tariffs on imported steel, saying the move would kill energy jobs by raising costs for big infrastructure projects.