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Trump Expands Aluminum, Steel Tariffs to Some Imported Products

(Bloomberg) — The Trump administration expanded its trademark steel and aluminum tariffs to cover certain imported nails, staples, electrical wires and some downstream parts that go into automobiles and tractors, among other products.The decision comes almost two years after the administration implemented tariffs on imports of foreign raw steel and aluminum that President Donald Trump said threatened the viability of the domestic industries and therefore threatened U.S. national security.Some imports of derivative aluminum products would be subject to an additional 10% duty, while some derivative steel products would be slapped with a 25% tariff, he said.Argentina, Australia, Canada and Mexico …read more […]

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Trump increases tariffs on derivative steel, aluminum products from some countries

U.S. President Donald Trump on Friday signed a proclamation increasing tariffs on derivative steel products by an additional 25 percent and boosting duties on derivative aluminum products by an additional 10 percent. Trump said Argentina, Australia, Brazil, Canada, Mexico and South Korea are exempt from the additional tariffs on derivative steel products, and Argentina, Australia, Canada and Mexico are exempt from the added duties on derivative aluminum articles. Trump has imposed tariffs on imported steel and aluminum to help boost U.S. production, which he says is a national security issue. …read more […]

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PG&E Probation Judge Threatens to Restrict Manager Bonuses

(Bloomberg) — PG&E Corp. could be ordered by a federal judge to restrict bonuses and incentives for supervisors and other high-ranking employees until the company meets obligations under its wildfire-prevention plan.As PG&E struggles to prove it can operate safely after a series of devastating wildfires blamed on its equipment. U.S. District Judge William Alsup threatened in a filing Friday to tie incentive pay “exclusively” to meeting goals for fire mitigation and other safety issues. He directed the company to explain in writing by Feb. 12 why he shouldn’t issue such an order.The bankrupt utility disclosed this month that it had …read more […]

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Owners of solar company that caused loss for Buffett plead guilty over Ponzi scheme

The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett’s Berkshire Hathaway Inc to take a $377 million charge last year, pleaded guilty on Friday to involvement in an estimated $912 million Ponzi scheme. Jeff Carpoff, 49, pleaded guilty to money laundering and conspiracy to commit wire fraud, while Paulette Carpoff, 46, pleaded guilty to money laundering and conspiracy to commit an offense against the United States. …read more […]