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UAE’s Emirates Global Aluminium “well prepared” following Trump threat

UAE’s Emirates Global Aluminium “well prepared” following Trump threat

Trump has threatened a 25 per cent tariff on steel imports and 10 per cent on aluminium

Emirates Global Aluminium (EGA) said on Sunday it was “well prepared” for any market conditions should US President Donald Trump go ahead with sweeping tariffs on steel and aluminium imports.

“Alongside Europe, Asia and the United Arab Emirates, the US is an important market for EGA,” the company’s spokesman told Reuters.

“We are well prepared for whatever market conditions may arise,” he said.

Read: UAE’s Emirates Global Aluminium hopes to list in 2018

Trump has threatened a 25 per cent tariff on steel imports and 10 per cent on aluminium, without exemptions for any countries.

The UAE is the third largest aluminium exporter to the US after Canada and Russia, while EGA is the third-largest producer of primary aluminium outside China.

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