Trump announced on 16 May that he would reduce tariffs on Turkish steel from 50 percent to 25 percent, returning the tariffs to their August 2018 levels.

Trump said in his proclamation that imports of steel products from Turkey declined 48 percent in 2018, "with the result that the domestic industry's capacity utilization has improved at this point to approximately the target level recommended" by Commerce Secretary Wilbur Ross. That level, Trump said, "will improve the financial viability" of the US steel industry in the long term. "Given these improvements, I have determined that it is necessary and appropriate to remove the higher tariff on steel imports from Turkey," Trump said. His proclamation said that maintaining the 25 percent tariffs remains "necessary," however.

Covering  more than 42,000 square meters, IFS China 2020 will assemble over 800 exhibitors, which are well-known fastener enterprises in the world, covering machinery manufacturing, automotive, new energy resources, aerospace, shipbuilding, petrochemical, IT, electronics, infrastructure and other application industries.

More Highlights in Fastener Expo Shanghai.