The Economist believes China disrupted steel and aluminium markets last year; can you tell me anything about that?
The Economist article discusses how China's actions in the steel and aluminum markets last year created significant disruptions. These disruptions were primarily due to China's increased production and export of these metals, which led to oversupply in the global market. This oversupply caused prices to drop, affecting producers and economies worldwide.
Additionally, China's trade policies and tariffs further complicated the situation, leading to trade tensions and retaliatory measures from other countries. These factors combined to create a volatile and challenging environment for the steel and aluminum industries.
Would you like more details on any specific aspect of this situation?
The Economist suggests that the Trump Administration's tariffs on steel and aluminum were motivated by a desire to counteract the market disruptions caused by China's actions. By imposing tariffs, the administration aimed to protect American industries from the effects of China's oversupply and trade policies, which had led to lower prices and increased competition.
Does this help clarify the connection for you?
* * *
That's tomorrow's topic, for me. Not sure I can do much on this...
Canada may be 'catastrophizing' ie seeing itself as the major victim, when
it actually isn't.
Quebec's Rio Tinto backer is an Australo/English mining company. We are in the aluminium
business as Member of the Commonwealth...
No comments:
Post a Comment