February 24, 2021

The equivalent figure for steel is only roughly

"We are here and they will get to know us.Arcelor Mittal, the worlds biggest steelmaker with sizeable European and US operations, said it was assessing the likely impact, while adding governments were right to take a tough approach to unfair trade.Europe, they said, was likely to respond quickly with safeguard measures.

The equivalent figure for steel is only roughly 1.However, they would have to apply to selected steel grades from all countries and so would hit producers from China, India, Russia, South Korea or Turkey. We would like a reasonable relationship to the United States, but we cannot simply put our head in the sand.Read also: No exclusions for countries from Trump tariffs: US officialThe European Commission has called Trumps plan a blatant intervention amounting to protectionism.The 3."The planned reduction in US imports accounts for only just shy of 3 percent of global imports in the case of aluminium.Clemens Fuest, the president of Germanys Ifo economic institute, told the Bayerischer Rundfunk broadcaster "a clear answer, but a limited one" was required in response."Trump said on Thursday the United States would apply duties of 25 percent on imported steel and 10 percent on aluminium to protect domestic producers. Its exports make up more than 5 percent of US steel imports.The Thomson Reuters European steel equities index fell 1.US steel makes up less than 1 percent of EU steel imports.The European Union is considering applying 25 percent tariffs on USD 3.BSC analysts said the short-term impact for Russian steel stocks should be limited and said the measures were a "zero issue" for aluminium producer Rusal. consumers.Trump tweeted on Friday that trade wars are good and "easy to win".Brussels will join other countries in challenging the measures at the WTO and says it will also look into safeguards."

We will put tariffs on Harley-Davidson, on bourbon and on blue jeans - Levis," European Commission President Jean-Claude Juncker told German television.The European Commission has said any counter-measures would conform to World Trade Organization (WTO) rules.Turkeys steel exporters association said it did not expect a major impact.5 percent," said the bank.Commerzbank said that even if the United States achieved its goal of reducing imports by implementing steep trade tariffs, the impact should be limited. Including tubes, the figure is 5 million tonnes, which Eurofer said could be cut in half by the US measures.Data from European steel association Eurofer shows the United States was the destination of about 15 percent of Europes steel exports in 2017.4 million tonnes crossing the Atlantic is about 2 percent of EU steel production.5 billion of goods - a third steel, a third industrial goods and a third agricultural - to "rebalance" bilateral trade, EU sources said.7 percent on Friday, while London Metal Exchange aluminium prices were trading flat at around USD 2,150 a tonne.The EU sees itself as a global counterweight to a protectionism-inclined Trump, sealing a trade deal with Japan, which had been part of a planned trans-Pacific trade alliance Trump withdrew from on his first day in office.Analysts from Jefferies said the actual measures announced next week could be more nuanced than an across-the-board 25 percent tariff for steel, which it said was politically unfeasible and viewed as a direct tax on U.Safeguard wholesale Hex Nuts China measures, last deployed in 2002 in response to steel import duties set by then US President George W.S.Brussels: Europe has drawn up a list of US products from bourbon to Harley Davidson motorbikes on which to apply tariffs if US President Donald Trump follows through on a plan to impose global duties on aluminium and steel..Full-scale retaliation would go against its long-standing message that global trade should be free - as well as fair. Bush, would be designed to guard against a flood of imports resulting from the US tariffs set to be formally announced next week

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January 27, 2021

It refers to the overall warming of the planet

The warming earth’s atmosphere is causing climate change, such as changes in weather patterns, unseasonal rains, and severe weather events such as the Chennai rains last week. So, the world collectively has a ‘Carbon Space’ of 1,000 billion tonnes of carbon dioxide that we can emit into the atmosphere until about 2100. That’s why more than 150 countries, including the biggest polluters China, US, the European Union, India, etc. Global Warming happens mainly due to carbon dioxide, but also some other gases that are collectively called greenhouse gases (GHGs), released when we burn fossil fuels such as coal, oil, natural gas, etc. Thanks to climate change, the weather is no longer so nice in many places. They are also the ones that are rich enough to fund development of new green technologies as well as fund poorer countries to adopt them., to produce electricity or goods or to power our vehicles, etc. It has been estimated that if the temperature rises by more than another degree Celsius, climate change will have disastrous effects on the planet and all of us.

The world’s food production will be hit, we will see more extreme events such as the Chennai rains, Tsunamis, etc.So, how much more carbon can we put into the atmosphere safely According to the Inter-governmental Panel on Climate Change (IPCC), that limit is 2,900 billion tonnes. At the rate at which the human race is emitting carbon, we are on track to exhaust the 1,000 billion tonnes limit by as early as 2030 if we do not act now. We must therefore begin to curb carbon emissions, the main culprit in global warming, to ensure that the earth does not heat up by more than another degree Celsius before 2100, or by 2 degrees Celsius cumulatively between 1850 and 2100. Think Chennai this week.If "nice weather" is your favourite ice-breaker when you meet someone, you better start thinking of something else to say.(Rakesh Kamal is Programme Officer, Climate Change Programme, at the Centre for Science and Environment, New Delhi). These gases trap sunlight, instead of reflecting it back into space, and so heat up the atmosphere. So, what’s the fight about in Paris It’s about who should bear more responsibility and more hex flange nut burden for cutting carbon emissions, and it’s about dividing up the remaining carbon space fairly., for some more decades then No, and that’s why climate change is now called a crisis., are all pledging to cut their carbon emissions.But what is climate change Since the Industrial Age began nearly 200 years ago, human activity around the world, but especially in the industrialized countries, has caused the earth to warm up, which we now call Global Warming.What’s the worry The earth’s temperature has risen by nearly 1 degree Celsius since around 1850, and the pace of that rise has increased in the past few decades. Of that, some 1,900 billion tonnes have already accumulated in the atmosphere since 1850. Industrialized countries such as the US have been most responsible for the carbon emissions so far and continue to be so.

It refers to the overall warming of the planet, based on average temperature over the entire surface of the earth. The US and other rich nations are pressuring developing countries to do more to cut carbon emissions while their own plans to cut their emissions are not ambitious enough. Developing countries, led by India, are demanding that the rich countries do more.So, we can still burn fossil fuels, drive guzzler SUVs, etc., diseases caused by germs will become more severe and widespread, many island nations will sink into the oceans, and so on. Even agricultural activity produces GHGs

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