News chronological

Jamieson Greer is investigating excess capacity and production in 16 economies, which could potentially lead to the implementation of new tariffs.

Rockwell Automation is investing $2 billion in U.S. plants, talent, and technology, but the company faces rising costs due to tariffs, which CEO Blake Moret noted has led some customers to delay projects to ensure the cost side of their business cases remains solid.

Most Canadian steel exports to the U.S. are subject to a 50% tariff, and an import ban on certain Canadian products went into effect as Canadian trade officials arrived in Milwaukee.

European industries are being crushed by cheap imports driven by global overcapacity, much of which originates from China, leading Europe to respond with its own trade barriers and potentially harsher tariffs.

During the meeting, the U.S. and nearly every other G20 economy agreed that large, persistent trade imbalances can harm other countries, signing a statement that requested nations with large surpluses to address policies that leave them overly reliant on exports for growth; China was the only G20 member present to object to this statement.

The "Milwaukee Framework" is an agreement designed to tackle the global steel glut by calling on countries to curb market-distorting subsidies and increase the monitoring of steel imports and trade circumvention; it also endorses "evidence-based actions" against excess capacity, which may include the use of tariffs.