Tag: Trump

Before the second Trump administration, many automakers banked on an electrified future, with federal and state tax breaks incentivizing consumers.

US Commerce Secretary Howard Lutnick said the US should pursue separate, bilateral trade negotiations with Canada and Mexico instead of renewing the US-Mexico-Canada Agreement (USMCA).

In the base metals markets, we had a mixed showing. Tin did best, adding almost 10% on the week on concern about lagging supply.

Century Aluminum CEO Jesse Gary said his company could start up its new smelter in Oklahoma ahead of schedule if the permitting process moved more quickly.

The Iran war enters its third month this week with few promising off-ramps materializing for a possible end to the conflict.

The US will apply tariffs to the full value of aluminum-containing imports under a new Section 232 framework with tiered duty rates.

Markets remained frazzled last week as the conflict in the Persian Gulf entered its fourth week – with no end in sight.

Markets have been taken aback by the intensity of the conflict and the Iranian retaliatory strikes on at least 14 different countries. Investors were also shaken by the severe disruptions to oil and gas flows coming out of the Persian Gulf.

Based on our experience of watching previous conflicts, we believe investors tend to have a rather dispassionate view of conflagrations as long as there is no potential impact on oil flows. Although some oil producers have voluntarily curbed shipments through the Gulf, they might resume them once things settle down.

The new tariff is expected to be enacted over the next several days using Section 122.