The cost of aluminum for consumers in Europe buying on the physical market has dropped due to expectations that Canadian shipments under U.S. tariffs from Tuesday will be diverted.

The cost of aluminum for consumers in Europe buying on the physical market has dropped due to expectations that Canadian shipments under U.S. tariffs from Tuesday will be diverted, physical market traders said.

. . .

The U.S. is a major importer of aluminum used widely in the transport, packaging and construction industries, shipping in 5.46 million metric tons of aluminum products in 2023, according the U.S. Commerce Department.

According to the Commerce Department, Canada accounted for 3.08 million tons or 56 per centof aluminum product imports to the United States for domestic consumption in 2023, the latest full year data available.

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  • AA5B@lemmy.worldEnglish
    21·
    17 hours ago

    Oh no, I’m sure he will never become reasonable. It’s going to be a tumultuous and scary four years.

    As I was saying, the response seems appropriate. However despite all our fears, there’s no reason to expect it to last more than four years. There’s every chance things will return to sanity then. In the meantime, the response seems to be resistance, making clear the consequences, then get on the phone and make some concession that you would have anyway, if the orange idiot would use his words. No tariffs, no big deal ion your part, his big ego gets to claim a win. We can’t lose hope for the future

    • Yerbouti@sh.itjust.worksEnglish
      11·
      16 hours ago

      there’s no reason to expect it to last more than four years

      I admire your optimism but I think it’s naïve…
      He explicitly said, on multiple occasion, that he would “fix” the electoral system. He already attacked your Capitol, remember? Republican won’t accept to lose another election, they will make sure it doesn’t happened. Just wait a couple of months, shouldn’t be long before you see their plan.