this post was submitted on 09 Jun 2025
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Economics

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US aluminium premiums hit record levels after tariffs take effect (www.reuters.com)
submitted 1 month ago by MicroWave@lemmy.world to c/economics@lemmy.world
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Premiums for consumers buying aluminium on the physical market in the United States hit a record 60 cents a lb or $1,323 a metric ton on Thursday after Donald Trump imposed higher tariffs on U.S. imports of the metal.

The tariffs doubled to 50% on Wednesday.

The U.S. Midwest duty-paid premium has gained nearly 190% since Trump was elected in November for his second term as president.

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[โ€“] BigMikeInAustin@lemmy.world 3 points 1 month ago

So Trump's higher prices are encouraging people to leave their "real job" to become a bum collecting used aluminum cans for money?

[โ€“] bieren@lemmy.zip 0 points 1 month ago

Winning AF.