Donald Trump 2.0: What is in store for the global aluminium industry?
Donald Trump returning to the White House as the 47th President of the United States after winning the 2024 election against Kamala Harris is already raising speculations about global trade policies and economic measures for the ensuing time. This especially comes after his protectionist regime as the 45th President of the United States from 2017 to 2021, which saw heavy import duties as part of the "America First" economic policy.
Image Source: Facebook (Handle - Donald J. Trump
The Trump presidency during 2017-2021 imposed waves of tariffs on products like solar panels, washing machines, and consumer goods. Even steel and aluminium were not spared from the heavy import duties. Countries like China, Mexico, Canada, and the European Union, the big players in the world aluminium market, faced tariffs during that period.
A quick recap of US tariffs from 2017 to 2021
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