Trump decides not to take action on titanium sponge imports

This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXNPEG1R072_L.jpg

WASHINGTON (Reuters) – President Donald Trump has decided not to take action on imports of titanium sponge, a key input in military aircraft, after a Commerce Department investigation found imports hurt U.S. makers of the material and threaten national security, a memo showed.

The memo signed by Trump on Thursday showed 94.4 percent of titanium sponge imported into the United States in 2018 came from Japan. The United States has “an important security relationship with Japan,” it added.

Trump agreed with a Commerce Department recommendation that rather than curbs, the United States would seek to open talks with Japan on measures to ensure access to titanium sponge in emergencies.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment