January 19, 2019, 8:57


Egypt May Lose $178Mln to US Steel Tariffs

Egypt May Lose $178Mln to US Steel Tariffs

Egypt May Lose $178Mln to US Steel Tariffs
©
AFP 2018/ Peter PARKSBusiness01:26 10.03.2018Get short URL271

CAIRO (Sputnik) – New US tariffs on steel imports could cost Egypt $178 million in lost profits, Egyptian media reported.

Two Egyptian companies – Ezz Steel and Kandil Steel – export roughly 173,000 tonnes of steel products to the United States, sources told the local El Watan newspaper on Friday.

A source in the Egyptian Trade and Industry Ministry told the daily that Cairo was considering asking the United States for an exemption.

US President Donald Trump signed a policy on Thursday that imposes 25-percent tariffs on steel imports and 10-percent duties on aluminium. Canada and Mexico are excluded while a free trade NAFTA deal is being renegotiated.

US trade partners in South America, the European Union, Japan, and South Korea said they regretted the new policy, while China warned about damage to global trade rules. Argentina said it would seek a waiver.

Sourse: sputniknews.com

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Weather

Moscow

Today01/18/2019
-2℃

Sat
01/19/2019
light snow

  • light snow
  • HI/LO: -4/-10
  • Clouds: 76%
  • Wind: 5.21 m/s
  • Wind Direction: WSW
  • Pressure: 1000hPa
  • Humidity: 89%

Sun
01/20/2019
snow

  • snow
  • HI/LO: -2/-6
  • Clouds: 88%
  • Wind: 6.91 m/s
  • Wind Direction: WSW
  • Pressure: 1002hPa
  • Humidity: 90%

Mon
01/21/2019
light snow

  • light snow
  • HI/LO: -9/-12
  • Clouds: 8%
  • Wind: 2.76 m/s
  • Wind Direction: SW
  • Pressure: 1003hPa
  • Humidity: 77%

Tue
01/22/2019
light snow

  • light snow
  • HI/LO: -6/-12
  • Clouds: 96%
  • Wind: 7.31 m/s
  • Wind Direction: WSW
  • Pressure: 1007hPa
  • Humidity: 0%

Wed
01/23/2019
light snow

  • light snow
  • HI/LO: -13/-16
  • Clouds: 49%
  • Wind: 3.79 m/s
  • Wind Direction: SSW
  • Pressure: 1008hPa
  • Humidity: 0%

Thu
01/24/2019
light snow

  • light snow
  • HI/LO: -13/-17
  • Clouds: 65%
  • Wind: 2.89 m/s
  • Wind Direction: NW
  • Pressure: 1003hPa
  • Humidity: 0%

NEWS

    Сторонняя реклама



    Статьи
    Статьи В
    Создание Сайта Кемерово, Создание Дизайна, продвижение Кемерово, Умный дом Кемерово, Спутниковые телефоны Кемерово - Партнёры
    Яндекс.Метрика