steel

Canada imposes tariffs of 15% to 50% on approximately $20 billion worth of U.S. goods; Canada will raise tariffs on U.S. steel products from 25% to 50%.The Canadian government stated that starting from September 8, it will impose counter-tariffs of 15%, 25%, or 50% on approximately 700 products.

According to sources, the trade agreement being negotiated between Canada and the United States will introduce a quota system for Canadian steel exports, with a 25% tariff on exports within the quota and a 50% tariff on amounts exceeding the quota.Canada has agreed to export 4 million tons of steel to the United States each year at a 25% tariff, with a 50% tariff on any excess, and to eliminate reciprocal tariffs on U.S. steel.

Market news reports that the United States plans to halve tariffs on Canadian steel and aluminum in the trade agreement.

According to the latest market data from Gate, several tokens in the Gate gStocks stock token sector performed impressively in a single day, with the top three increases being: SteelSeries (CBRSG/USDT) up 10.47% in 24 hours; AXT Semiconductor (AXTIG/USDT) up 6.57% in 24 hours; MicroStrategy (MSTRG/USDT) up 3.16% in 24 hours.

The rotation of hot spots in the US stock market continues, with strong performances from steel, healthcare, and entertainment consumer-related stocks. Data from the Gate platform shows that the top three stocks in terms of gains in the US market are Cleveland-Cliffs Inc. (CLF), up 15.87%; Medpace Holdings (MEDP), up 15.06%; and IMAX Corporation (IMAX), up 11.98%. Among them, CLF's single-day gain is close to 16%, reflecting the increasing attention of market funds on cyclical manufacturing and consumer service-related stocks.

ChainCatcher news, according to the U.S. Department of Commerce, has added 407 product categories to the steel and aluminum tariff list, with a tax rate of 50%.The Department of Commerce stated that the newly added list covers a wide range of products, including wind turbines and their components, mobile cranes, railway vehicles, furniture, compressors, and pump equipment, among hundreds of other products. (CCTV)

ChainCatcher news, according to Jinshi reports, informed sources reveal that the United States and Mexico are about to reach an agreement to eliminate the 50% tariff imposed by Trump on steel imports below a certain quantity. Trump is not directly involved in the negotiations, which are led by U.S. Secretary of Commerce Gina Raimondo.The aforementioned sources stated that under the current terms, U.S. buyers can import Mexican steel duty-free as long as they keep the total shipment volume below levels based on historical trade volumes. The new cap will be higher than the limit allowed under a similar agreement during Trump's first term. According to data from the U.S. Department of Commerce, the total amount of steel imported by the U.S. from Mexico last year was about 3.2 million tons, accounting for 12% of the total U.S. steel imports.During Trump's first term, the U.S. and Mexico reached an agreement in 2019 to prevent import volumes from exceeding the average levels during the period of 2015-2017.

ChainCatcher news, White House officials said that Trump stated that automobiles, steel, pharmaceuticals, chips, and other specific materials will be subject to specific tariffs to ensure that tariffs are implemented fairly and effectively. Trump will soon release a Section 232 study on semiconductors.Previously, a White House spokesperson stated that Trump made it clear that the United States cannot rely on China for critical technologies such as semiconductors, chips, smartphones, and laptops.

ChainCatcher news, according to Jinshi Data, U.S. President Trump stated that he has no intention of exempting steel and aluminum tariffs, and announced that reciprocal tariffs and industry tariffs will be implemented on April 2.Trump told reporters on Air Force One that the reciprocal tariffs on U.S. trading partners will be implemented alongside the auto tariffs.

ChainCatcher news, according to Jinshi reports, a Canadian official stated that in response to U.S. President Trump's tariffs on steel and aluminum products, Canada will announce retaliatory tariffs of 29.8 billion Canadian dollars on the U.S. on Wednesday.

ChainCatcher news, according to Reuters, the measure proposed by Trump to raise the actual tariffs on steel and aluminum in the U.S. to 25% has officially taken effect, with no country receiving an exemption.

ChainCatcher news, according to Jinshi reports, U.S. President Trump stated that he has instructed the Secretary of Commerce to impose an additional 25% tariff on all steel and aluminum products from Canada, bringing the total tariff level to 50%. This will take effect tomorrow morning.

ChainCatcher news, European cryptocurrency platform Bitpanda offers EU-regulated security tokens to retail investors.The first security token available on the Bitpanda platform is Steelcoin, which is a "regulated, transferable security" under the EU Prospectus Regulation, tracking the value of selected steel products.

ChainCatcher news, Hardhat Chad, the founder of the mining project Ore on the Solana chain, announced on the X platform that Regolith Labs has launched Steel, a brand new modular framework designed for building smart contracts on Solana.Steel enables developers to build programs with minimal boilerplate code while providing flexible functionality options. The framework aims to enhance contract performance, simplify the development process, and bring more positive contributions to the Solana community.