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02.04.26 - 22:36
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Trump Admin Revamps Steel, Aluminum, Copper Tariffs; Imposes 100% Duties On Patented Drugs (ZeroHedge)
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Trump Admin Revamps Steel, Aluminum, Copper Tariffs; Imposes 100% Duties On Patented Drugs
The Trump administration on Thursday announced a pair of tariff actions under national-security authority, maintaining core 50% duties on many imported steel, aluminum and copper products while overhauling the rules to exempt goods containing negligible amounts of those metals and imposing 100% tariffs on imported patented pharmaceuticals that do not meet new domestic production or pricing conditions.
President Donald Trump pauses as he finishes speaking about the Iran war from the Cross Hall of the White House in Washington on April 1, 2026. Alex Brandon-Pool/Getty Images
The pharmaceutical measure targets branded drugs and active ingredients brought in by companies that have neither struck “most-favored-nation” pricing deals with the U.S. government nor committed to manufacturing in the United States. Exemptions will be honored for firms that reach such agreements or are already building or expandi...
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01.04.26 - 18:57
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Aluminum Supply Shock: Top Gulf Producer Halts Operations After Iran Strike, Price To Spike (ZeroHedge)
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Aluminum Supply Shock: Top Gulf Producer Halts Operations After Iran Strike, Price To Spike
Over the weekend, both Emirates Global Aluminum (EGA) - the largest aluminum producers in the Gulf - and Aluminium Bahrain (ALBA) reported drone attacks damaging smelting facilities after hits on Iranian steel infrastructure last week.
Neither company (at the time) confirmed whether supply will be impacted, but this morning the worst case appears to be confirmed with Reuters reporting that according to a Wednesday note by consultancy Wood Mackenzie "EGA's Al Taweelah facility in the United Arab Emirates halted operations after an Iranian missile and drone attack on Saturday damaged a power plant." A subsequent report from Bloomberg confirmed the report, writing that "Emirates Global Aluminium, the Middle East's top producer of the metal, halted operations at its Al Taweelah smelter after the site was struck by Iranian missiles and drones over the weekend, according to a person familia...
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