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Britain’s broadcasting regulator said on Thursday that it had withdrawn the license for China Global Television Network, an international news channel ....
beeboys/Adobe Stock This morning in metals news: the United States Court of International Trade issued a ruling on the Section 232 steel tariff; meanwhile, the Biden administration has reversed a Trump administration decision regarding tariffs on aluminum from the United Arab Emirates; and, lastly, new orders for manufacturing goods rose for an eighth consecutive month in December. USCIT dismisses Section 232 steel tariff challenge In early 2018, former President Donald Trump imposed tariffs on imported steel and aluminum. Using Section 232 of the Trade Expansion Act of 1962, Trump imposed tariffs of 25% for steel and 10% for aluminum. It is unclear if the new Biden administration will ultimately rescind the tariffs in a blanket sense (more on that shortly). ....
UPDATE 1-U.S. court upholds Trump s national security tariffs on steel imports Reuters 2/4/2021 Popular Searches By David Lawder WASHINGTON, Feb 4 (Reuters) - The U.S. Court of International Trade upheld former President Donald Trump s Section 232 U.S. national security tariffs on steel imports on Thursday, denying a steel importer s challenge to the duties. A three judge panel at the New York-based federal court, which hears challenges to trade actions under U.S. laws, found that the Commerce Department and Trump properly applied a Cold War-era trade law in imposing the tariffs. Trump imposed 25% tariffs on imported steel and 10% on imported aluminum from most countries in 2018, arguing that these protections were necessary for U.S. national security to maintain healthy domestic production. ....