US factories face higher metal prices than overseas rivals due to tariffs

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US factories face higher metal prices than overseas rivals due to tariffs - Business Standard

Quick Summary:

Trump’s plan to impose tariffs on steel and aluminum imports is unlikely to arrest decades of declining market share and stagnating production, if the past is any guide.

For aluminum consumers, prices to get spot supplies are about 23 per cent higher than in Europe.

The materials were among Trump’s earliest tariffs during his first term, implementing a 25 per cent duty on steel and a 10 per cent duty on aluminum in 2018.