Trade Policy 28 April 2026 - 1 May 2026

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

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

The Anti-Dumping Commission in Australia has launched a probe into possible dumping of galvanised steel imports from South Korea and Vietnam, acting on a complaint from BlueScope Steel Limited. The investigation targets zinc-coated steel, used widely to prevent rust in building and manufacturing. The move places renewed scrutiny on the nation’s leading steel producer. The timing is key here, as the case has shifted from just a complaint to an official investigation. Anti-dumping duties—tariffs that may be slapped on if imports are undercutting local prices and harming domestic producers—are now on the table. The commission noted that a first, preliminary ruling won’t land until at least day 60, and its final recommendation is expected by Oct. 2.
May 3, 2026
Diageo Stock Gets a Trump Tariff Break Days Before a Critical Trading Update

Diageo Stock Gets a Trump Tariff Break Days Before a Critical Trading Update

Diageo got a lift Friday, climbing as much as 3% in London after U.S. President Donald Trump pledged to scrap tariffs on British whisky—a potential boost for the Johnnie Walker parent as it faces sluggish U.S. demand. The company called the move “warmly” welcomed. Reuters had the story. Timing is key here. Diageo puts out its fiscal third-quarter trading update on May 6, with investors watching North America closely—recently the group’s trouble spot—for any sign the drag is easing.
May 1, 2026
Trump’s Tariff Plan B Targets Economies Behind 99% of U.S. Imports

Trump’s Tariff Plan B Targets Economies Behind 99% of U.S. Imports

Public hearings kick off Tuesday as the Trump administration resets its trade strategy, pivoting to traditional statutes after the Supreme Court blocked Trump’s sweeping emergency tariff plan. The Office of the U.S. Trade Representative said it’s teeing up two days of testimony on whether 60 economies are falling short on banning and policing imports tied to forced labor. Time’s tight. The temporary 10% import surcharge, slapped on via Section 122 of the Trade Act as a balance-of-payments measure, can’t last more than 150 days unless lawmakers step in. Right now, it’s set to expire at 12:01 a.m. EDT on July 24, according to a Federal Register notice.
April 28, 2026