Report
Andrew Lane
EUR 100.00 For Business Accounts Only

Steel and Aluminum Tariffs Have Less Bite Than Initially Advertised as New Exemptions Announced

U.S. Trade Representative Robert Lighthizer announced that additional countries have received exemptions from the Trump administration's steel and aluminum tariff program. The tariff program will now exempt the European Union, Argentina, Australia, Brazil, and South Korea, in addition to the initial exemptions for Canada and Mexico. All exemptions have been advertised as temporary pending further trade negotiations. However, we view their reversal as unlikely and, instead, expect them to be sust...
Underlying
Alcoa Corporation

Alcoa is a vertically integrated aluminum company comprised of bauxite mining, alumina refining, aluminum production (smelting, casting, and rolling), and energy generation. Through direct and indirect ownership, the company has 30 operating locations in nine countries around the world, situated primarily in Australia, Brazil, Canada, Iceland, Norway, Spain, and United States.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Lane

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