Reported about 19 hours ago
American factories are facing significantly higher costs for aluminum, steel, and copper compared to global counterparts, raising concerns over inflation and diminishing business confidence. Prices have surged in anticipation of tariffs proposed by President Trump, leading to a disconnect from international prices. As American manufacturers stockpile materials ahead of the tariffs, they risk being put at a competitive disadvantage, with premiums for aluminum reaching record highs and steel prices seeing substantial increases.
Source: YAHOO