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Market Impact: 0.15

Trump Laments Lack of US Aluminum Amid Trade Row With Canada

Source: Bloomberg

Trade Policy & Supply ChainCommodities & Raw MaterialsElections & Domestic Politics

Trump reiterated that the US “does not need Canada,” but said Canada does have something he wants: aluminum. The comment signals continued political pressure around cross-border trade leverage in key raw materials. With no policy action or quantified impact announced, near-term market effects are likely limited, but it adds uncertainty for aluminum supply and trade expectations.

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