EU Seeks To Protect Europe Aluminium Sector Amid Trump Tariffs [Barron's]
THYSSENKRUPP AG S/ADR (TKAMY)
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Source: Barrons
Brussels is worried about a possible knock-on effect on its already struggling metals industry from US President Donald Trump's 25-percent tariffs on steel and aluminium imports, which took effect this month. "US tariffs on aluminium are likely to worsen the situation further given the significant threat of trade diversion from multiple destinations," a draft of EU plans to support the sector reads. "This is why the Commission has started to gather the relevant evidence in view of using the trade defence instruments," said the document, which could change before publication. Trade defence tools at the EU's disposal include the opening of an investigation into whether there has been a sudden increase in aluminium imports, which could lead to import curbs. E
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