Advertisement
Singapore markets closed
  • Straits Times Index

    3,300.04
    -3.15 (-0.10%)
     
  • S&P 500

    5,195.64
    +14.90 (+0.29%)
     
  • Dow

    38,928.01
    +75.74 (+0.19%)
     
  • Nasdaq

    16,387.13
    +37.89 (+0.23%)
     
  • Bitcoin USD

    63,794.25
    +142.64 (+0.22%)
     
  • CMC Crypto 200

    1,322.60
    -42.52 (-3.11%)
     
  • FTSE 100

    8,318.15
    +104.66 (+1.27%)
     
  • Gold

    2,323.70
    -7.50 (-0.32%)
     
  • Crude Oil

    78.11
    -0.37 (-0.47%)
     
  • 10-Yr Bond

    4.4310
    -0.0580 (-1.29%)
     
  • Nikkei

    38,835.10
    +599.03 (+1.57%)
     
  • Hang Seng

    18,479.37
    -98.93 (-0.53%)
     
  • FTSE Bursa Malaysia

    1,605.68
    +8.29 (+0.52%)
     
  • Jakarta Composite Index

    7,123.61
    -12.28 (-0.17%)
     
  • PSE Index

    6,618.58
    -33.91 (-0.51%)
     

US Aluminum Producers Have Fallen despite Trump’s Tariffs

US Aluminum Producers Have Fallen despite Trump’s Tariffs

Earlier this year, President Trump imposed a 10% tariff on aluminum imports and a 25% tariff on steel imports. The tariffs were imposed under the little-used Section 232 of the Trade Expansion Act of 1962. The Department of Commerce’s investigation found that steel and aluminum imports are a threat to US national security.