Nucor Corporation anticipates decrease in first quarter earnings in range of $1.45 to $1.50 per diluted share compared to 2018 fourth quarter earnings of $2.07 per diluted share. The numbers marks an increase relative to first quarter 2018 earnings of $1.10 per diluted share.

Détente appears to be over, as President Donald Trump announced today that the U.S. will soon slap a 25 percent import tax on $50 billion in Chinese goods, especially technology products. Another $100 billion in tariffs is possible if China follows through on threats to retaliate.

A 25 percent tax on imported steel and 10 percent duty on imported aluminum from the countries will take effect tomorrow.

The formal complaint starts a 60-day window where WTO will attempt to mediate an end to the dispute.

Officials with the European Union say it looks increasingly unlikely that they will be able to reach an agreement with the White House to permanently exempt the 28-nation bloc from the steel and aluminum tariffs. 

The price index does not reflect the steel and aluminum tariffs President Donald Trump announced in March, which further threaten the construction industry, AGC said.

A bipartisan pair of senators is asking the White House for more information on why it decided to impose tariffs on steel and aluminum imports.

Allies have been pressing U.S. officials to make the tariff exemptions permanent — a move the White House has resisted as it continues to seek an updated North American Free Trade Agreement. 

EU officials said the trading bloc is prepared to retaliate with its own tariffs on a variety of U.S. exports, including HVAC equipment, if a stay is not granted. 

A group of industrial manufacturers are banding together in an effort to kill the tariffs on steel and aluminum enacted by the Trump administration.