The cost of aluminum for consumers in Europe buying on the physical market has dropped due to expectations that Canadian shipments under U.S. tariffs from Tuesday will be diverted.

The cost of aluminum for consumers in Europe buying on the physical market has dropped due to expectations that Canadian shipments under U.S. tariffs from Tuesday will be diverted, physical market traders said.

. . .

The U.S. is a major importer of aluminum used widely in the transport, packaging and construction industries, shipping in 5.46 million metric tons of aluminum products in 2023, according the U.S. Commerce Department.

According to the Commerce Department, Canada accounted for 3.08 million tons or 56 per centof aluminum product imports to the United States for domestic consumption in 2023, the latest full year data available.

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  • Arkouda@lemmy.ca
    1·
    14 hours ago

    It’s more expensive to ship across the oceans and requires a whole set of other infrastructure.

    We already have the infrastructure to ship to these markets, or we wouldn’t already have established trade deals with them.

    It’s exceedingly more easy to ship across land borders and to try and say my point isn’t valid like this is laughable.

    No shit Sherlock, did you get your MBA in Economics from DUH University?

    Your point isn’t valid because we have the modern technology to easily ship across oceans, and nothing is stopping us from improving the ways we do that to make them more cost effective.

    Your entire argument is “Its cheaper and easier” while ignoring the very real problems being dependent on the US for trade brings.

    Europe would rather get the material from continental Europe if they can, just like we’d rather ship within NA if we can.

    Every country would prefer this. Another “No shit Sherlock” point from an absolute genius graduate of DUH University.

    Just because we can, doesn’t mean we have to do so at greater expense and time. It’s very normal for companies to stay within their continental area before deciding to expand to shipping overseas.

    If your point is that we need to remain tethered to the US for our own good you should work for Trumps PR team instead of arguing in support of what he wants for free.