Trump administration revisits aluminium tariffs: US traders brace for impact
In a recent development, President Donald Trump announced a one-month suspension of 25 per cent tariffs on Canadian and Mexican aluminium imports just days after announcing their imposition. The temporary pause, which extends until March 1, 2025, signals potential renegotiations over trade concerns and border security issues, raising uncertainty for US aluminium importers and domestic manufacturers alike.
Tariff turbulence: Domestic industry impacted
Already familiar with tariff-induced disruptions, the aluminium industry faces renewed concerns as traders and manufacturers brace for possible policy changes. Section 232 tariffs, imposed in 2018 during Trump’s first term, introduced a 10 per cent duty on aluminium imports, citing national security threats due to over-reliance on foreign metals. While these tariffs aimed to back domestic production, they ended up having mixed consequences.
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Upstream recap: From Donald Trump’s tariff declaration to tariff reprieve to aluminium price hike, this week sees it all
Next articleIndia: NALCO raises primary aluminium ingot prices by INR 6,700/t ($76/t); Hindalco, Balco raise aluminium ingot prices by up to INR 3,750/t ($42/t)
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