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13.02.26 - 15:57
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Aluminum Futs Slide As Trump Weighs Metal Tariff Rollback In Affordability Push (ZeroHedge)
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Aluminum Futs Slide As Trump Weighs Metal Tariff Rollback In Affordability Push
Aluminum futures in London slipped on Friday after a Financial Times report stated that the Trump administration is considering a partial rollback of steel and aluminum tariffs as it battles an affordability crisis (left over from the Biden-Harris regime years) ahead of November's midterm elections.
The FT cited three people familiar with internal discussions who said White House officials are reviewing steel and aluminum import tariffs of up to 50%, which affect a wide range of downstream consumer products such as appliances to soda cans. The plan would exempt some products, pause further expansions, and shift toward narrower, product-specific national security investigations.
Trade officials at the U.S. Department of Commerce and the Office of the U.S. Trade Representative believe these tariffs are already denting consumer sentiment by pushing up prices for goods such as drink cans and pie tins.
The administrati...
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