You'd think this'd be a negative for non-US aluminium and steel producers and hence currencies

Adam had the breaking news on Friday:

Latest update:

  • U.S. Commerce Department recommendations tariffs or quotas on imports of aluminum and steel
  • Commerce "found that the quantities and circumstances of steel and aluminum imports threaten to impair the national security"
  • recommendations were sent last month to President Trump for consideration, along with a range of alternatives

So ... nothing concrete yet

via Bloomberg, more there

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