Aluminum Prices Fall Despite New Tariffs | Breitbart
Description: The new tariffs on aluminum are not weighing on American consumers and manufacturers as so many predicted. In fact, aluminum prices have fallen since Trump imposed the tariffs.
Date: 2018-04-05T14:07:17-07:00

# Aluminum Prices Fall Despite New Tariffs

AFP

by John Carney 5 Apr 2018 0

5 Apr, 2018 5 Apr, 2018

## Economic data is stubbornly refusing to follow the narrative that Trump’s trade policies are going to ruin everything.

The stock market stubbornly refused to crash for a second day Thursday despite China’s announcement that it would slap tariffs on $50 billion of goods imported from the U.S. The trade war panic will have to wait for another day.

More surprisingly, the new tariffs on aluminum are not weighing on American consumers and manufacturers as so many predicted. In fact, aluminum prices have fallen since Trump imposed the tariffs.

The Wall Street Journal reports:

> U.S. aluminum prices are falling despite a tariff aimed at boosting domestic production of the metal.

> That’s good news for manufacturers of products such as beer cans and car hoods, which are paying 3% less for aluminum than they were before the Trump administration announced the tariff on March 1. These manufacturers said at the time that the 10% tariff on foreign aluminum could push up prices and cause a domestic aluminum shortage just as their orders pick up in a strong economy.

> And while a delivery premium applied to aluminum in the U.S. rose more than 40% in the weeks before the tariff order went into effect on March 23, that surcharge has fallen recently in anticipation of adequate supplies in the months ahead. Overall, the U.S. price for aluminum last week was $2,415 per metric ton, down 6% from a recent peak in February.

One reason tariffs are not sending prices through the roof is that U.S. aluminum producers are increasing supply. Another is that the Trump administration has shown a lot of flexibility when it comes to the tariffs, nimbly exempting some of the top aluminum producing countries.

Of course, just as many market pundits are convinced the trade war crash will come someday, those who predicted skyrocketing consumer prices due to higher aluminum prices are not admitting any mistake. The reckoning has simply been delayed, they claim. Prices are certain to go higher, any day now, really.

Comment count on this article reflects comments made on Breitbart.com and Facebook. Visit Breitbart's Facebook Page.

BREITBART CONNECT

## MOST POPULAR

- Donald Trump Ditches White House Correspondents Dinner Again
- Donald Trump Taunts 'Corrupt' Media for Scott Pruitt Coverage
- Michelle O Hits Trump: My Husband Was the 'Good Parent'
- Facebook Admits 'Most' of Sites 2 Billion Users Compromised by 'Malici
- Jimmy Kimmel Jumps On Sean Hannity's "Erection'
- Ann Coulter: Internet Censorship Is ‘Terrifying’
- Mexican Senate Calls For End to Binational Relations Over Trump
- Job Creation Sputtered in March
- Six Youths Stabbed in Another Night of Violence in Sadiq Khan's London
- David Hogg, Left-Wing Operatives Organize Gun Control Town Halls

When You were a Democrat
Peter Hitchens
My AR-15 Has Killed Fewer People Than Ted Kennedy's Car

## FROM THE HOMEPAGE

- Bombshell: Facebook Admits ‘Most’ of Site’s 2 Billion Users Compromised by ‘Malicious Actors’
  Comments
- ‘Masters of the Universe’ Panel: There Is No Way to Compete with Google and Facebook
  Comments
- Dr. Robert Epstein: ‘The More Google Knows About You, the Easier It Is for Them to Manipulate You’
  Comments
- Aluminum Prices Fall Despite New Tariffs
  Comments
- Donald Trump Warns Wall Street of ‘A Little Pain’ in Fight Over China Tariffs
  Comments
- AG Jeff Sessions Returns Deportation Orders to Pre-Obama Levels
  Comments
- Triggered: Jimmy Kimmel Delivers Bizarre Sex Rant over Sean Hannity’s ‘Ass Clown’ Taunt
  Comments
- Ex Mex Prez Vicente Fox Lets ‘Globalist Cat Out of Bag’ in Farage Debate: Lauds Authoritarian China, Slams Democracy
  Comments
- Michelle Obama Mocks Trump: My Husband Was the ‘Good Parent’
  Comments
- Tijuana: 549 Homicides in Three Months
  Comments
- Audit: U.S. Wasted $60 Million on Inoperable, Dangerous Afghan Power System
  Comments
- Hawkins: Why Celebrities Couldn’t Use the YouTube HQ Shooting to Push Gun Control
  Comments