US EditionLatin American market digests consequences of Trump tariffs
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Latin American market digests consequences of Trump tariffs
Trump signed a proclamation on February 10 that raised the tariff rate on aluminium imports to 25%, effective March 12, from the previous 10% rate, which he initially imposed in 2018. Market participants were divided on the effects of the tariffs, but some considered the announcement as bullish for the primary aluminium premium in the US. Andy Farida, senior aluminium analyst in Fastmarkets, noted that a higher Midwest premium might increase ex…
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