Cliffsโ Stelco Set to Idle Some Steel Operations on Tariff Woes
Canadian steelmaker Stelco plans to suspend some operations in Hamilton, Ontario, citing the impact of US tariffs and trade disruptions on the Canadian steel industry.
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Canadian steelmaker Stelco plans to suspend some operations in Hamilton, Ontario, citing the impact of US tariffs and trade disruptions on the Canadian steel industry.
French fishermen have agreed to lift their blockades at fuel depots and ports including Nice, after talks with the government over financial aid. They say soaring fuel prices since the start of the war with Iran are pushing them to the brink. Also in the segment - India could be hit by fresh US tariffs if it keeps buying Russian oil, after US lawmakers approved a new sanctions package that ratchets up the economic pressure on Moscow and its trading partners.ย ย
India has warned Washington that new measures to levy tariffs over the purchase of Russian oil could impact bilateral ties, the South Asian nation's foreign ministry said on Thursday, hours after the U.S. made a โnew move to โpunish such buyers. Earlier in the day, the U.S. House of Representatives passed a sweeping sanctions and tariff bill intended โ to increase economic pressure on Russia over its invasion of Ukraine. FRANCE 24's Emerald Maxwell reports.
Copper headed for its first weekly loss since June on concern the US is pushing back a decision on whether to impose import tariffs.