The cost of aluminum for consumers in Europe buying on the physical market has dropped due to expectations that Canadian shipments under U.S. tariffs from Tuesday will be diverted.

The cost of aluminum for consumers in Europe buying on the physical market has dropped due to expectations that Canadian shipments under U.S. tariffs from Tuesday will be diverted, physical market traders said.

. . .

The U.S. is a major importer of aluminum used widely in the transport, packaging and construction industries, shipping in 5.46 million metric tons of aluminum products in 2023, according the U.S. Commerce Department.

According to the Commerce Department, Canada accounted for 3.08 million tons or 56 per centof aluminum product imports to the United States for domestic consumption in 2023, the latest full year data available.

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  • AA5B@lemmy.worldEnglish
    67·
    17 hours ago

    As a US-ian, I don’t know whether to upvote or downvote. The concern is real and response appropriate, but then you go off into the weeds, and …… take a breath. Politics bounces back and forth but has usually been somewhat sane. It might be again

    • Yerbouti@sh.itjust.worksEnglish
      19·
      15 hours ago

      Your country is threatening to annex mine…You want us to wait and hope your dictator becomes reasonable?

      • AA5B@lemmy.worldEnglish
        21·
        14 hours ago

        Oh no, I’m sure he will never become reasonable. It’s going to be a tumultuous and scary four years.

        As I was saying, the response seems appropriate. However despite all our fears, there’s no reason to expect it to last more than four years. There’s every chance things will return to sanity then. In the meantime, the response seems to be resistance, making clear the consequences, then get on the phone and make some concession that you would have anyway, if the orange idiot would use his words. No tariffs, no big deal ion your part, his big ego gets to claim a win. We can’t lose hope for the future

        • Yerbouti@sh.itjust.worksEnglish
          10·
          13 hours ago

          there’s no reason to expect it to last more than four years

          I admire your optimism but I think it’s naïve…
          He explicitly said, on multiple occasion, that he would “fix” the electoral system. He already attacked your Capitol, remember? Republican won’t accept to lose another election, they will make sure it doesn’t happened. Just wait a couple of months, shouldn’t be long before you see their plan.

    • unexposedhazard@discuss.tchncs.deEnglish
      141·
      16 hours ago

      I mean your country IS under educated and it does need to lose some of its dominance imo. The US and its market influence is the main driving force behind all the bad IP law and privacy disasters of the past few decades. Countries need to start ignoring the US more when making decisions.