Industry leaders are “extremely worried” about an expected surge of aluminium and steel onto the European market in light of new US import tariffs.
While some investors breathed a sigh of relief when the White House exempted the EU and other allies from its import tariffs of 25% on steel and 10% on aluminium, others have warned that the exemptions could cause metals from Asia to flood the Eurozone and drive prices down. This is a cause for concern not only for the European industry, but for trade financiers as well.
Read more at Global Trade Review
