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#aluminium

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FRANCE 24's Mark Owen speaks to Gavin Bade, trade and economic policy reporter at the Wall Street Journal, about the 50% tariffs on #aluminium and #steel imports to the United States coming into effect on Wednesday. He says that 'the real target is the Chinese economy' and that the Trump administration is applying blanket tariffs to avoid so-called transhipments that would allow China to circumvent US levies.
#Trump #tariffs #China #trade #economy

youtube.com/watch?v=uz0z3G6Pqw0

Continued thread

The #Aluminium Assn of #Canada said in a statement on Tues that the expanded #tariff “makes Canadian exports to the US economically unviable” & that “the industry may be forced to diversify #trade toward the #EuropeanUnion.”

#Electricity accounts for about 40% of the cost of smelting aluminum, & the trade group estimated that replacing Canadian aluminum w/ #US production would require the expansion of US power generation equivalent to 4 Hoover Dams.

#Trump#grid#economy

#Trump maintient les 25 % sur l' #acier, l' #aluminium et l' #automobile. Seuls les droits dits « réciproques » passent de 20 à 10 %.

Cette #guerre n'est pas terminée.

Mais les #Européens ont ete clairs entre eux : « Il ne peut s'agir que d'un recul tactique »

lepoint.fr/monde/europe-versus

Le Point · Dans les coulisses du « recul tactique » d’Ursula von der LeyenBy Emmanuel Berretta
Continued thread

The 27-nation bloc faces 25% import #tariffs on #steel & #aluminium & #cars as well as the new broader tariffs of 20% for almost all other goods under #Trump's policy to hit countries he says impose high barriers to US imports.

The #EU will put in place duties mostly of 25% on a range of #US imports from next Tues in response specifically to the US #metals tariffs. The bloc is still assessing how to respond to the car & broader levies.

The European Commission proposed counter-tariffs of 25% on a range of U.S. goods on Monday in response to President Donald Trump's tariffs on #steel and #aluminium , a document seen by Reuters showed. The tariffs on some goods will come into effect May 16 and other later in the year, on December 1, the document said. FRANCE 24's Dave Keating reports from Brussels.
#EU #tariffs #Trump
youtube.com/watch?v=Q27qTlo1RoU

#EU commission proposes 25% counter-#tariffs on some #US imports, document shows

The European Commission proposed counter-tariffs of 25% on a range of US goods on Monday in response to #Trump's tariffs on #steel & #aluminium, a document seen by Reuters showed.

The tariffs on some goods will come into effect May 16 & other later in the year, on Dec 1.

#economy #inflation #recession #Trumpcession #geopolitics
reuters.com/markets/europe/eu-

#Trump threatened to enact a 200% #tariffs on European #wine, #champagne & other #alcohol beverages, the latest escalation in a brewing #TradeWar between the #US & the #EU.

Trump in a social media post on Thursday said that he would move forward w/the import duties if the EU doesn’t repeal a tax on US #whiskey, a measure put in place to retaliate against Trump’s #steel & #aluminium tariffs that went into effect on Wed.

#Trumpcession #economy #idiocracy #geopolitics
irishtimes.com/business/2025/0

The Irish Times · Trump vows 200% tariff on EU alcohol, escalating trade tensionsBy Hadriana Lowenkron