U.S. and U.K. announce trade deal, modifying tariffs

May 12, 2025  |  Industry News, News

The U.S. and the U.K. announced May 8 that the countries have made a trade deal. The deal states that the 10% reciprocal tariff imposed April 2 on U.K. imports is still in effect, but an alternate deal has been made for Section 232 tariffs for U.K. autos. Section 232 tariffs for U.K. steel and &hell…
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U.S. and China agree to lower tariffs on imports for 90 days

May 12, 2025  |  Industry News, News

U.S. and Chinese officials announced that they have agreed to pause the recently imposed tariffs on imports from each country for 90 days, beginning May 14. The U.S. will lower its 145% tariff on Chinese imports to 30%, and China will decrease its tariff on American imports to 10%. Officials from bo…
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Herculite Products Inc. acquires Strata Film Coatings

May 5, 2025  |  Company News, Industry News, News

Herculite® Products Inc. announces the acquisition of Strata Film Coatings, a manufacturer of advanced film coating solutions. A company press release says the strategic acquisition marks “a significant milestone in Herculite’s ongoing commitment to expand its product offerings and en…
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EU pauses countermeasures on U.S. tariffs for 90 days

April 17, 2025  |  Industry News, News

The European Union (EU) has paused its countermeasures on U.S. trade tariffs for 90 days to allow time for EU and U.S. negotiations.  The pause was first announced by EU Commission President Ursula von der Leyen April 9, and went into effect April 14.  The decision was made in response to the U.…
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SBA announces Made in America Manufacturing Initiative

April 11, 2025  |  Industry News, News

The U.S. Small Business Administration (SBA) has announced the agency’s new Made in America Manufacturing Initiative to support and empower small manufacturers. “The great American comeback starts with restoring American industry,” says Kelly Loeffler, an SBA administrator. “With the Mad…
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President Trump pauses most tariffs for 90 days, increases tariffs on Chinese imports

April 10, 2025  |  Industry News, News

President Donald Trump has announced further changes to the April 2 executive order imposing multiple country-specific tariffs. The president has suspended most tariffs for 90 days, with country-specific tariffs (detailed in Annex I) now effective July 9, 2025. Countries included in Annex I are curr…
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Tariffs on imports to the U.S. begin, affecting multiple countries

April 9, 2025  |  Industry News, News

Country-specific tariffs imposed by President Donald Trump in an April 2 executive order are now in effect. The president declared a national emergency in the executive order as a result of “large and persistent annual U.S. goods trade deficits,” which included a reciprocal tariff policy…
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President Trump imposes 25% tariff on automobile imports beginning April 3

April 1, 2025  |  Industry News, News

President Donald Trump signed an executive order March 27 imposing a 25% tariff on automobile imports to the U.S., beginning April 3. Currently, the tariff will only apply to automobiles, but a process for including automobile parts is being developed. Automobiles covered under the United States-Mex…
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