President Trump announced plans to impose a 25% tariff on imports from Canada and Mexico, a 10% tariff on imports from China and a 10% tariff on energy sources from Canada, effective February 4, citing national security concerns related to illegal immigration and drug trafficking.

New forecasts challenge the metals narrative, revealing unexpected shifts in demand across global markets.

Weakening demand, rising costs and evolving trade policies are disrupting raw materials and freight sectors.