U.S. tariff hikes may have effect on UAE's Emirates Steel sales: CEO:
"Emirates Steel, the largest steel producer in the UAE, said a tariff on imports to the United States could hurt its sales, 5 percent of which go to the U.S., the company’s chief executive said on Monday. Last week, President Trump announced that steel imported into the United States would be slapped with a 25 percent tariff and aluminum with a 10 percent tariff, prompting outcry from producers across the world. “We export 5 percent of our total exports to the United States ... there will be some effect on us,” Saeed al Remeithi told reporters, without providing details. "
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