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Price premiums for aluminium on the physical market in the United States have surged to a record high due to the looming threat of tariffs on imports of the metal used in the transport, construction and packaging industries. U.S. President Donald Trump is planning to restore 25% tariffs on aluminium imports from March 12. Tariffs on most imports from Mexico and Canada took effect on Tuesday.
The U.S. is set to announce a crypto strategic reserve on Friday, with Bitcoin taking a central role while other cryptocurrencies will be “treated differently,” according to Commerce Secretary Howard Lutnick
Campbell’s shares are sinking after the snack and soup maker posted a decline in its quarterly results and cut its full-year outlook on the back of soft demand for its snack foods.
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