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What is unique about China’s approach compared with the open policies of other countries?
China’s opening-up policy does show some unique characteristics in the world, which give it distinct advantages in promoting economic development and international cooperation: Gradual and pilot-first strategy: Unlike many countries that directly…
What is the intention behind other countries following the United States in imposing tariffs on my country’s steel?
The intentions of various countries to follow the United States in imposing tariffs on Chinese steel mainly include the following aspects: Protecting the domestic steel industry: reducing the import of Chinese steel…
US reciprocal tariff policy: steel, aluminum, copper and gold are excluded
According to the latest reports, the United States excluded steel, aluminum, copper and gold from the scope of tariffs when implementing the reciprocal tariff policy. This decision is intended to ease the…
Nippon Steel Vice Chairman to meet with U.S. Commerce Secretary Lutnick.
According to the latest news, a senior executive of Nippon Steel plans to meet with U.S. Commerce Secretary Howard Lutnick to discuss the acquisition of U.S. Steel. This meeting may be to…
Canada PM Carney: Trump has not committed to concessions on auto, steel and aluminum tariffs
Canadian Prime Minister Carney confirmed in a call with US President Trump that Trump did not provide any guarantees on concessions on auto, steel and aluminum tariffs. Carney said the Canadian government…
South Korea’s KOSPI index closed down 1.4%, with Hyundai Motor leading the decline of more than 4%
South Korea’s KOSPI index closed down 1.4% recently, mainly dragged down by automobile and steel stocks. Hyundai Motor’s share price fell more than 4% due to the US’s announcement of a 25%…
What is the reason why the EU tightened its steel import policy?
The main reason for the EU to tighten its steel import policy is to protect its domestic steel industry from the impact of international market competition. In recent years, the EU steel…
Nippon Steel: Negotiations with the U.S. government on acquisition of U.S. steel are still ongoing
Nippon Steel is currently in talks with the U.S. government to complete its acquisition of U.S. Steel. The deal is intended to enhance the competitiveness of the U.S. steel industry and promote…
How do current steel industry trends affect Posco’s strategy?
Current trends in the steel industry have had a profound impact on POSCO’s strategy. Here are some key points: Global economic slowdown and demand changes: The global economic growth slowdown, especially the…
Affected by US tariffs, South Korean steel giant announced that it has entered a state of “emergency management”
Hyundai Steel, South Korea’s second-largest steelmaker, recently announced that it was entering a state of “emergency management”, a decision mainly affected by the US’s 25% tariff on imported steel and aluminum products.…
EU plans to cut steel imports by 15% from April 1
The EU plans to cut steel imports by 15% from April 1. This measure is aimed at preventing cheap steel from flooding the European market after the United States implements new tariffs,…
US tariff policy triggers economic self-inflicted damage, South Korean steel giants face emergency management
The United States recently imposed a 25% tariff on imported steel and aluminum products, a policy that has sparked widespread economic discussion. Australia’s Treasurer said that this tariff policy could lead to…