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European recycling organization says low aluminum scrap export volumes from the continent show restricting trade “won’t solve the trade and energy concerns” of European aluminum producers.
After European Union leaders said they would keep negotiating instead of immediately retaliating against President Trump’s latest threat, businesses remain unable to develop long-term plans.
President Donald Trump's announcement of 30% tariffs on the European Union will have repercussions for companies and consumers on both sides of the Atlantic.
Europe Aluminum Oxide Market Electronics lead Europe's aluminum oxide market with 6.2% CAGR, driven by rising semiconductor, LED use, and d. Tuesday, 02 January 2024 12:17 GMT.
In 2023, the latest year for which data is available, it was also the second-largest buyer of European aluminum. The tariffs’ “aggregate macroeconomic effect on Europe is likely to be small ...
Trans-Atlantic trade tensions escalated sharply this week as the European Union warned that its $1.96 trillion trade relationship with the United States could be devastated if President Donald Trump follows through on his threat to impose a 30% tariff on all EU imports starting August 1.
The U.S. has cited various concerns over the last few years about the potential repercussions of CBAM on the exports of steel and aluminum to Europe. But CBAM actually represents a good deal for the U.S., enabling its steel and aluminum exporters to increase their market share in Europe.
A European producer might sell aluminum in the aluminum market at a $230/ton premium in Europe, for example, but shipping that metal to an American customer means incurring the U.S. import duty (25%).