Price premiums for aluminium on the physical market in the United States have surged to a record high due to the looming threat of tariffs on

Price premiums for aluminum on the physical market in the U.S. have surged to a record high because of the threat of 25% tariffs on imports of the metal starting March 12, Reuters reported Wednesday.

President Trump is threatening a 200% tariff on alcohol from Europe in response to the EU tariff on American-made whiskey. Mr. Trump has defended the current tariffs against allies and downplayed the recent volatility in the markets.