Trump’s aluminium tariff-induced global trade tensions will curtail economic growth: IMF
On April 2, 2025, President Donald Trump announced sweeping tariffs, including on aluminium, from the White House Rose Garden. The International Monetary Fund (IMF) warned on April 22 that these tariffs threaten global growth. The IMF lowered its global economic forecast due to rising trade tensions and policy unpredictability.
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Trump’s baseline 10 per cent tariff on aluminium and additional 245 per cent duties on China have triggered global concern. Though some tariffs are paused, such as the “reciprocal” ones on major trade partners like the EU, Japan, South Korea and Taiwan until July for bilateral deal talks, key sectors, including aluminium and steel, remain affected. The IMF highlighted that these moves could unsettle trade flows and undercut long-term recovery.
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SHFE aluminium continued its upward trend, processing fees under pressure, overall trading moderate
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