New tariffs are to be imposed by the US on imported aluminium and steel products. The EU has signaled their intention to retaliate on targeted US products. The news has failed to move the carbon market significantly, though additional macroeconomic uncertainty may cause further downside risk.
On Monday (10 Feb), US President Donald Trump extended tariffs to cover all imports of aluminium and steel, including from the European Union. This reprise and expansion of trade measures introduced in 2018 was widely expected, with President Trump s…
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