Aluminum, steel most exposed metals to Trump tariffs, Citi says

Quick Summary:

For US aluminium prices, the Midwest premium over that of the London Metal Exchange could more than double to as much as 50 US cents more – a move that could benefit six US smelters.

Mexican President Claudia Sheinbaum has suggested her country could respond to Trump’s threatened tariffs with levies of its own, warning the economic consequences would be dire.

The US gets about 70 per cent of its aluminium from abroad, with 60 per cent of that from Canada.

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Article Details

Category: EconomyBusiness

Markets: SingaporeCanadaMexico

Topics: Aluminium Tariffs Canada Analysts Steel Imports Cent Metals Trump’s According Mexico

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 08:25:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 491 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23899712

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