by Robert Lea | Mar 13, 201
President Trumps decision to impose Tariffs on US imports of steel and aluminium came as a surprise to the markets, raising the fear of a trade war.
Under Trump’s plans the US will place an additional 25% global tariff on imported steel and a further 10% tariff on aluminium. Trump’s decision to apply a global tariff – as opposed to a
targeted one – means the tariff will impact all exporters of aluminium and steel to the US equally. The White House has confirmed that it would grant a 30 day exemption to Canada and
Mexico, which we interpret as an effort to gain leverage ahead of the forthcoming NAFTA talks.