Yesterday, President Trump signed proclamations to formally adjust the tariffs on aluminum (10%), stating national security as a major reason for their implementation under Section 232. These tariffs will go into effect 15 days from this signing. Canada and Mexico are temporarily exempt from the tariffs, depending on the outcome of NAFTA negotiations. Other countries will also have an […]
Earlier this week, President Trump announced plans to impose tariffs on U.S. imports of aluminum (10%) to be applied across the board to all countries for an unspecified period of time. This is in response to reports regarding the 232 Investigation that were recently released by the U.C. Department of Commerce, which looked into the […]
The U.S. launched a new trade enforcement complaint against the People’s Republic of China at the World Trade Organization (WTO) concerning China’s subsidies to certain producers of primary aluminum. These subsidies appear to be provided through artificially cheap loans from banks and through artificially low-priced inputs for aluminum production, such as coal, electricity, and alumina. […]
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By Goran Djukanovic, Aluminum Market Analyst & Consultant. Uncertainty hangs over the primary aluminum industry in U.S., or what has been left of it. Plummeting aluminum prices and high electricity costs resulted in closure or curtailment of some three-fourths of primary aluminum production in the last five years, leaving less than 1 million tonnes of […]
