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IMF warns U.S. import tariffs will hurt economies
05 MAR 20181MINS

IMF warns U.S. import tariffs will hurt economies

The International Monetary Fund announced on Friday that President Donald Trump’s decision to impose tariffs on imported aluminium and steel is likely to cause damage to the United States and global economies. IMF has urged countries to constructively resolve trade disagreements. “The import...

LME aluminium closed the last week slightly higher; SHFE aluminium expected to be rangebound today
05 MAR 20182MINS

LME aluminium closed the last week slightly higher; SHFE aluminium expected to be rangebound today

LME aluminium closed the last week with a slight increase after US President Donald Trump announced that the country would impose a 10% global tariff on all imported aluminium. The contract traded higher over the day and finally closed at USD2144 per tonne on Friday, March 2. Shanghai Metals Market...

European Aluminium calls for decisive actions to tackle US import measures on aluminium
04 MAR 20182MINS

European Aluminium calls for decisive actions to tackle US import measures on aluminium

After the US President Trump announced that a tariff of 10 % will be imposed on aluminium exports from all countries, European Aluminium calls on the European Commission and EU Member States to safeguard the European aluminium industry. The announcement came after the department of Commerce had...

End user sectors concerned over U.S. aluminium tariffs
04 MAR 20182MINS

End user sectors concerned over U.S. aluminium tariffs

American industries are expressing concerns over aluminium tariffs since they require aluminium for use in cars, aircrafts, beer, electronic etc. Higher prices of raw materials in the U.S. would lead to higher prices of products. Automakers and other users have already expressed dissatisfaction...

Hulamin delivers strong FY17 sales, sees possible upside to proposed US tariff increases
02 MAR 20183MINS

Hulamin delivers strong FY17 sales, sees possible upside to proposed US tariff increases

The proposed aluminium import tariffs that are currently being considered by US President Donald Trump's administration could have a positive impact on South African aluminium products manufacturer Hulamin's operations, CEO Richard Jacob said on Monday. Speaking to Engineering News Online in a...

Aluminium tariff will push up cars and trucks prices, Toyota says
02 MAR 20181MINS

Aluminium tariff will push up cars and trucks prices, Toyota says

Toyota Motor Corporation said it expects the prices of car and truck to increase in the U.S. due to new tariff on imported products. Toyota said Trump’s decision to impose duties on imported aluminium and steel will adversely impact automakers. The company buys majority of aluminium and steel for...

Trump to impose steep tariffs on steel, aluminum; stokes trade war fears
02 MAR 20185MINS

Trump to impose steep tariffs on steel, aluminum; stokes trade war fears

President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminum to protect U.S. producers, risking retaliation from major trade partners like China, Europe and neighboring Canada. Trump said the duties, 25 percent on steel imports and 10 percent on...

China’s Ministry of Commerce expresses dissatisfaction over import tariffs on Chinese aluminium foils
02 MAR 20182MINS

China’s Ministry of Commerce expresses dissatisfaction over import tariffs on Chinese aluminium foils

According to a statement from China’s Ministry of Commerce (MOFCOM), released on Wednesday, the country has expressed "strong dissatisfaction" with the United States imposing anti-dumping and countervailing duties on Chinese aluminium foils. "The U.S. has disregarded the WTO rules and seriously...

LME aluminium slips further; expected to trade higher today on aluminium tariff news
02 MAR 20182MINS

LME aluminium slips further; expected to trade higher today on aluminium tariff news

As seen by Shanghai Metals Market LME aluminium is still under pressure from the strong US dollar and dropped to close at USD2143 per tonne on Thursday, March 1. LME aluminium rebounded and hit a high at $2,164.5 per tonne after US President Donald Trump announced that the country is to impose a...

U.S. Commerce Department confirms steep duties on subsided Chinese aluminium foil
28 FEB 20182MINS

U.S. Commerce Department confirms steep duties on subsided Chinese aluminium foil

On Tuesday February 27, the U.S. Commerce Department made a final determination that imports of aluminium foil from China are being sold in the United States at less than the fair market price as the producers are getting government subsidies from Beijing. The statement confirmed that antidumping...

Trump indicates harshest of tariffs on steel and aluminium import
25 FEB 20182MINS

Trump indicates harshest of tariffs on steel and aluminium import

Responding to the U.S. Commerce Department’s tariff recommendations on steel and aluminium imports, President Donald Trump has expressed his willingness to impose the hardest of tariffs on steel and aluminium. As told to his confidants Trump is looking a global tariff of 24 per cent on steel...

Canada optimistic about being exempted from proposed tariffs on steel and aluminium import
21 FEB 20182MINS

Canada optimistic about being exempted from proposed tariffs on steel and aluminium import

Canada, the biggest exporter of steel and aluminium to the U.S. is optimistic about being exempted from Trump administration’s crackdown on steel and aluminium import. Though the U.S. Commerce Department didn’t mention any exemption for Canada in its report where possible tariffs and quotas were...

Tariffs on aluminium could lift prices of canned beer and vegetables in the U.S.
20 FEB 20182MINS

Tariffs on aluminium could lift prices of canned beer and vegetables in the U.S.

U.S. consumers could end up paying more for a six pack of beer or a can of vegetables if President Donald Trump takes actions on U.S. Commerce Department’s tariff recommendations on steel and aluminium imports. Critics are of the view that such protective actions may harm many U.S. end-user...

LME aluminium touches monthly high after U.S. Commerce raises import tariffs
20 FEB 20181MINS

LME aluminium touches monthly high after U.S. Commerce raises import tariffs

Benchmark aluminium price on London Metal Exchange surged significantly after the U.S. Commerce Department recommended implementation of a quota on aluminium imports from specific countries- a 7.7 per cent tariff on aluminium shipped from all countries, or a 23.6 per cent tariff on imports from...

Ford and GM shares fall after U.S. Commerce department releases its tariff recommendations
19 FEB 20182MINS

Ford and GM shares fall after U.S. Commerce department releases its tariff recommendations

Shares of Ford Motor Co. and General Motors Co. fell after the U.S. Commerce Department recommended higher tariff on imported aluminium and steel. The possibility of these tariffs raising the prices of raw materials for vehicles has generated concern in the market bringing down the share...

China’s Ministry of Commerce condemns U.S. tariff recommendations on steel and aluminium
19 FEB 20182MINS

China’s Ministry of Commerce condemns U.S. tariff recommendations on steel and aluminium

In response to the latest U.S. Commerce Department recommendations to raise tariffs on Chinese steel and aluminium imports, China’s Ministry of Commerce published a statement calling the reports “baseless” and “totally inconsistent with the facts.” Wang Hejun, chief of the trade remedy and...

Aluminium industry representatives commend Commerce Department’s report on Section 232
18 FEB 20183MINS

Aluminium industry representatives commend Commerce Department’s report on Section 232

U.S. Commerce Secretary Wilbur Ross announced the Department’s findings from the 232 investigations into the impact on national security from imports of wrought and unwrought aluminium on Feb 16, and he outlined recommendations for the president to impose tariffs or quotas on aluminium imports....

Commerce Department releases Section 232 investigation report on the impact of aluminium imports
17 FEB 20182MINS

Commerce Department releases Section 232 investigation report on the impact of aluminium imports

As reported by the Aluminum Association, U.S. Commerce Secretary Wilbur Ross announced the Department’s findings from the 232 investigations into the impact on national security from imports of wrought and unwrought aluminium on Feb 16, and he outlined recommendations for the president to impose...