Sunday 11 March 2018

Oman's Sohar Aluminium says may feel knock-on effect from U.S. tariffs | ZAWYA MENA Edition

Oman's Sohar Aluminium says may feel knock-on effect from U.S. tariffs | ZAWYA MENA Edition:

"Sohar Aluminium, one of the largest producers of the metal in the Middle East, said on Sunday that it may feel some knock-on effect from tariffs on aluminium imports imposed by the United States. U.S. President Donald Trump set import tariffs on Thursday of 25 percent on steel and 10 percent on aluminium, to come into force in 15 days, a move that has raised concerns about a global trade war.  Sohar Aluminium, jointly owned by Oman Oil Company, Abu Dhabi National Energy Company (TAQA) and Rio Tinto RIO.L , said it will not be directly impacted by the tariffs as it did not currently have any direct exports to the U.S."



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