US EditionCosts, chaos rising as metal tariffs pile up with no end in sight
- Metal tariffs imposed by U.S. President Donald Trump have caused rising costs and chaos affecting several industries, with little hope for their immediate removal.
- Alcoa Corp. reported a US$20 million impact from tariffs last quarter, predicting an additional US$90 million in costs for the second quarter.
- Catherine Cobden, head of the Canadian Steel Producers Association, indicated that Canadian steel producers are cutting back production due to their inability to pass on higher costs to U.S. customers.
- Stifel analyst Ian Gillies warned that prolonged tariffs could create liquidity risks for companies like Algoma Steel Group Inc., leading to price target reductions.
38 Articles
38 Articles
These tariffs could lead to lower demand in the automotive and construction sectors.
Aspen Times
Colorado economists warn of rising home prices, job losses as tariffs hit construction materials
Builders in Colorado are bracing for tariffs on common construction materials like steel and aluminum to move down the chain. Some experts predict the end result will likely bring up home prices and lose business for local contractors that can’t absorb the cost increases, but others argue it could be good for business in the long run. In March, President Donald Trump reinstated 25% tariffs on steel and aluminum imports. The move was pitched as a…
Precious Metals Market Reacts to Tariffs and Economic Shifts
Via Metal Miner The Global Precious Metals MMI (Monthly Metals Index) saw a significant bullish action month-over-month, rising by a total of 8%. The U.S. precious metals market (and precious metals prices in general) saw dramatic swings over the past five weeks amid a backdrop of stubborn inflation, evolving interest rate expectations, new tariffs and geopolitical tensions. All of these factors have all come together to pull the index in differ…
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