Latest news with #industryExecutives
Bloomberg
30-06-2025
- Business
- Bloomberg
China Sticks to Stainless-Steel Levies Despite Indonesia Pain
China will press on with levy anti-dumping duties on imports of stainless-steel products, including from Indonesia, as it seeks to protect a domestic industry battered by persistent oversupply and trade uncertainty. Some traders and industry executives had expressed hopes the world's largest metal consumer would reconsider its tariffs,, particularly for Indonesia, given the role that Chinese companies have played in expanding the nickel and stainless steel production in Indonesia, today among the top suppliers of both.
Bloomberg
02-06-2025
- Business
- Bloomberg
As Private Equity Returns Dwindle, Executives Look to Soothe Antsy Investors
Few private equity executives would have guessed they'd have to spend 2025 convincing investors to stick with the asset class. Yet as we near the year's halfway point, that's exactly where they find themselves. With hopes of a Donald Trump-inspired M&A boom petering out — and as the US president's tariff mayhem makes life even harder for companies owned by buyout firms — any partying at this week's annual industry shindig in Berlin is likely to be much more restrained than in the past.
CNN
30-05-2025
- Business
- CNN
Trump doubles steel tariffs to 50% in ‘major announcement'
President Donald Trump announced Friday that he would set tariffs on steel imported into the United States at 50%, double their current rate. At a US Steel facility in West Mifflin, Pennsylvania, Trump said he had a 'major announcement.' 'We are going to be imposing a 25% increase,' Trump said. 'We're going to bring it from 25% to 50%, the tariffs on steel into the United States of America, which will even further secure the steel industry in the United States. Nobody's going to get around that.' Trump said he was considering a 40% tariff, but industry executives told him they wanted a 50% tariff. 'At 25% they can sorta get over that fence,' Trump said. 'At 50% nobody's getting over that fence.' This is a developing story and will be updated.
