Automotive Tariffs Will Likely Pummel Metals Demand, Prices

Even though Donald Trump has reduced the automotive tariffs, they are still onerous, and will almost certainly get passed along to the (unwilling) consumer.

In my view, this will create short-term demand destruction for new cars, but an uptick in demand for used/pre-owned.

As for metals like aluminum and steel, this will likely create demand destruction and lower prices in the medium to long-term.

(If anyone has any reasons on why this might be bullish, please feel free to chime in!) – Chris

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Thanks in advance! - Chris

(Source: Semafor, CQG, Snapshot as of approx. 5:45AM CST 4/30/25)

NOT FINANCIAL/TRADING ADVICE!