Trade Policy 28 April 2026 - 1 May 2026

BlueScope Steel Limited’s $30 Question Deepens as Australia Opens New Dumping Probe
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BlueScope Steel Limited’s $30 Question Deepens as Australia Opens New Dumping Probe

Australia’s Anti-Dumping Commission has launched a probe into alleged dumping of zinc-coated steel from South Korea and Vietnam following a complaint by BlueScope Steel. The inquiry names Dongkuk Steel Mill, POSCO Holdings, Hoa Sen Group, and Nam Kim Steel. A preliminary ruling could come after 60 days, with a final recommendation due by Oct. 2. BlueScope shares closed at A$30.00 on May 1.
May 3, 2026
Diageo Stock Gets a Trump Tariff Break Days Before a Critical Trading Update
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Diageo Stock Gets a Trump Tariff Break Days Before a Critical Trading Update

Diageo shares rose up to 3% after U.S. President Donald Trump announced plans to lift tariffs on British whisky. The move comes days before Diageo’s third-quarter trading update, as the company faces weak U.S. sales and a lowered 2026 sales outlook. U.S. officials confirmed preferential duty access for U.K.-made whisky under a new economic deal. Industry groups called the tariff removal a significant boost for distillers.
May 1, 2026
Trump’s Tariff Plan B Targets Economies Behind 99% of U.S. Imports
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Trump’s Tariff Plan B Targets Economies Behind 99% of U.S. Imports

The Trump administration will open public hearings Tuesday on trade probes targeting forced labor and industrial overcapacity, following a Supreme Court ruling that blocked Trump’s emergency tariffs. The U.S. Trade Representative will examine 60 economies, including China and the EU, for forced-labor enforcement. A temporary 10% import surcharge expires July 24. Industry groups and foreign officials are set to testify.
April 28, 2026