News

China and India Weigh Responses to Metal Import Tariffs

OilPrice · Metal Miner · last updated
Via Metal Miner   The world now waits to see how two aluminum market leaders, China and India, will react to U.S. President Donald Trump’s imposition of 25% tariffs on metal imports. Between them, these two nations produce about 50 million metric tons (MT) of aluminum yearly. However, China significantly outpaces India, alone producing about 43 MT per year. It is also worth noting that both countries also consume a vast percentage of the aluminum they make. Nevertheless, the tariffs have the potential to dramatically reshape the current…