US doubles steel, aluminum tariffs
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The London Metal Exchange has compelled Mercuria Energy Group to lend out its huge position in aluminum to other traders to reduce risks to the market, Bloomberg reported, citing people familiar with the matter.
US tariffs on steel and aluminum just doubled to 50%. CNN’s Matt Egan breaks down what products could get more expensive and why the manufacturing industry is worried these tariffs could lead to job losses.
The London Metal Exchange has compelled Mercuria Energy Group Ltd. to lend out its huge position in aluminum to other traders to reduce risks to the market, according to people familiar with the matter.
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Waterloo region will grow to million people by 2050. All those new people will need homes, workplaces, places to go for fun — which means there will be more construction. But local construction projects could be in jeopardy as U.
Tariffs affect almost all of the 500-plus products that Munchkin sells, the vast majority of which are made in China.
Century Aluminum (NASDAQ:CENX) +18.4% after rising as much as 24% in Monday's trading following President Trump's announcement of raising the Section 232 aluminum tariff to 50% from 25%, which it said will help it move forward with plans to open its first new smelter in ~50 years.