Macroeconomy/Finance

Trump’s decision on metal tariffs hit Aluar and Ternium market-stocks

Shares in the Buenos Aires Stock Exchange of the Aluar aluminum producer sank 11.9% and those of the Ternium steel factory 6% following Donald Trump’s announcement to restore tariffs on Argentine imports. Aluar and Ternium concentrate local steel and aluminum production and export to the United States worth $700 million a year.

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Source: Ámbito

Categories: Macroeconomy/Finance