The announcement of US President Trump last Friday that US tariffs on steel and aluminum imports would be increased from 25% to 50% – with the highest tariff Barbara Lambrecht.
The atmosphere between the US and China has deteriorated again
“The premium in the US for aluminum jumped 45% and yesterday reached a new maximum of $ 1,240 per ton. The price of copper in the Comex also rose significantly, since the increase in tariffs on aluminum and steel fueled concerns about future tariffs on copper.”
“However, in other places, prices were initially pressed. After all, these ad hoc measures are reviving the fears of an escalation of the tariff conflict, especially since the environment between the US and China has deteriorated again in other areas and the EU has been quick to threaten to counteract tariffs.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
