The European Union and United States will develop a metals alliance to mitigate the impact of subsidised Chinese production on global markets as part of their trade deal, European Trade Commissioner Maros Sefcovic said on Monday.

A lawsuit filed by Nippon Steel Corp. and United States Steel Corp. against rival Cleveland-Cliffs Inc., Cliffs CEO Lourenco Goncalves and United Steelworkers International President David McCall is moving forward.

The United States and the European Union announced on Sunday a broad framework for a new trade agreement aimed at defusing tensions between the two economic giants and preventing what could have become a damaging transatlantic trade war.

Steel producers like Cleveland Cliffs and Steel Dynamics both said this week that they raised prices after President Trump imposed a 50 percent tariff on imports.

TURNBERRY, Scotland/EDINBURGH (Reuters) -The Trump administration will announce the results of a national security probe into imports of semiconductors in two weeks, Commerce Secretary Howard Lutnick said on Sunday, as President Donald Trump suggested higher tariffs were on the horizon.

U.S. President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal.

Canada’s steel industry fears that Chinese steel facing steep tariffs in the United States will be sent north and overwhelm the Canadian market.

TOKYO (Reuters) -Japan and the United States agreed to keep the current 50% tariff on steel and aluminium as part of the bilateral trade deal, Japanese public broadcaster NHK reported on Wednesday.

The European Union could hit the United States with counter-tariffs on 93 billion euros ($109 billion) worth of U.S. goods if the two sides fail to reach a trade deal by Washington's August 1 deadline for imposing import levies.

This is the lowest figure ever negotiated by a country that has a trade surplus with the United States,' says Japanese premier after 15% tariff deal with Washington - Anadolu Ajansı