Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
Aluminium prices extended their decline from a two-month high as concerns over China's demand recovery persisted, coupled with ample global supplies. The metal has dropped nearly 4% since Tuesday's close, reflecting the broader trend in industrial metals, which are also facing downward pressure due to a weakened risk appetite in financial markets.
Key Takeaways:
Aluminium Price Decline: Aluminium has fallen almost 4% since Tuesday, driven by concerns over China's sluggish demand recovery and sufficient global supplies, leading to a widening discount in spot prices.
Broader Impact on Industrial Metals: The weakening of risk appetite in financial markets, exacerbated by underwhelming earnings from tech companies, contributed to declines in other industrial metals like tin and copper.
Market Outlook: Analysts predict further declines in aluminium prices, citing elevated supply levels and limited downstream demand recovery in China as key factors influencing the market.
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