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The USA has excluded Steel, Aluminum, and Gold from reciprocal tariffs to alleviate cost pressure on domestic enterprises.
The White House stated that Steel and Aluminum imported products will not be affected by reciprocal tariffs, which will provide some buffer for domestic buyers in the USA.
Trump announced the implementation of "reciprocal tariff" measures, and several trade partners stated they would take countermeasures.
On April 2, the president of the USA, Trump, signed two executive orders announcing a 10% "minimum benchmark tariff" on all trade partners and imposed higher tariffs on several trade partners; The benchmark tariff rate will take effect at midnight on April 5, and reciprocal tariffs will take effect at midnight on April 9; Several trade partners have stated that they will take countermeasures, and the EU and Canada have already formulated counter plans.
National Steel Q4 Earnings Beat Estimates, Revenues Inch Up Y/Y
Trump's steel and aluminum tariffs disrupt international trade, and it is reported that the EU plans to investigate aluminum imports.
① According to media reports, the EU may announce an investigation into the Aluminum market this Wednesday in response to the surge in Aluminum imports that may result from USA's tariff policy; ② The EU plans to tighten loopholes in the Steel import tariff system and is considering implementing restrictions on Metal exports to protect the local Industry.
Express News | Shares of Base Metals Stocks Are Trading Higher Amid Overall Market Strength and as Investors Assess US Tariffs on Steel and Aluminum
Companhia Siderurgica Nacional Up Over 10%, On Pace for Largest Percent Increase Since November 2023 -- Data Talk
