EU moves to shield aluminium from Trump tariff blow Recycling plants in the bloc are shutting down capacity as US producers can pay more for European scrap metal https://t.co/jz3qR6vW78
European Union Takes Action to Protect Aluminum Industry from Donald Trump's Tariffs, Reports Financial Times 🇪🇺🛡️
The European Union has implemented measures to protect its aluminum industry in response to tariffs imposed by the United States, according to the Financial Times. $EWCZ
The European Union has introduced measures intended to protect the bloc’s aluminium industry from higher tariffs imposed by the United States under President Donald Trump, the Financial Times reported. EU recycling plants have begun shutting capacity because U.S. producers, facing import duties on primary metal, can now afford to pay more for European scrap, diverting material away from domestic processors. Brussels’ steps—details of which were not disclosed—aim to keep more scrap within the single market and slow further capacity closures.