US-EU tariff truce cold comfort for aluminum consumers

Europe warns Trump vehicle tariffs likely lead to counter-measures by its trading partners on $294 billion of US exports.

Teneris will lay off 40 workers at its TenarisAlgomaTubes plant in Ontario and adjust output there because of the U.S. tariffs on steel and aluminum imports.

In a lawsuit filed Wednesday the American Institute for International Steel and two of its member companies argue that the US president’s tariffs on steel and aluminum imports are unconstitutional.

"Metals markets are well supplied and weaker demand from China will prove too strong a headwind for prices," says new report.

The world's top miner is said to have hired Goldman Sachs to assist with the sale of the Western Australia-based nickel operation.

The selected areas are known for presenting high levels of aluminum, cadmium, copper, iron, lead and/or zinc.

So far, Trump has taken little action beyond tariffs of 25 percent on steel and 10 percent on aluminum on imports from China, the European Union and other countries.

Tianshan has annual aluminium smelting capacity of 1.4 million tonnes.

How did we get here and what does this ratcheted-up trade war mean for Canada, the United States and investors?