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United States Midwest aluminum premiums rise by 164% after demand for aluminum in the physical market

Tariffs in the second Trump administration — United States Midwest aluminum premiums rise by 164% after demand for aluminum in the physical market increased due to US president Donald Trump's plan to increase tariffs on impor

Published June 2, 2025· Updated October 28, 2026·1 min read

Context: Tariffs in the second Trump administration.

United States Midwest aluminum premiums rise by 164% after demand for aluminum in the physical market increased due to US president Donald Trump's plan to increase tariffs on imported steel and aluminum from 25% to 50%. [https://www.reuters.com/business/aluminium-premium-us-buyers-soars-after-trump-doubles-tariffs-2025-06-02/ (Reuters)]

Event summary via Wikipedia Current Events (2025-06-02).