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Hindalco sees neutral-to-positive impact on its US business from Trump tariff


//business-finance.news-articles.net/content/202 .. impact-on-its-us-business-from-trump-tariff.html
Published in Business and Finance on Friday, February 14th 2025 at 4:40 GMT by Moneycontrol   Print publication without navigation

  • Novelis, its US subsidiary that supplies premium aluminium sheet and foil products to the beverage can, automotive, aerospace and speciality markets, could actually benefit, said MD Satish Pai. The effect on parent Hindalco would be minimal since the US market constitutes a minuscule part of its exports.

The article from Moneycontrol discusses the potential impact of former U.S. President Donald Trump's proposed tariffs on Hindalco Industries' U.S. operations. Trump's plan to impose a 10% tariff on all imports if re-elected could have a mixed effect on Hindalco. According to Satish Pai, the managing director of Hindalco, the impact on their U.S. business, Novelis, could be neutral to positive. This is because while the tariffs might increase costs, they could also benefit Novelis by making imported aluminum less competitive, potentially increasing demand for domestically produced aluminum. Pai also mentioned that the company is prepared for various scenarios, including potential trade wars, and has strategies in place to mitigate any adverse effects. Additionally, the article touches on the broader implications of such tariffs on global trade dynamics and the aluminum industry.

Read the Full Moneycontrol Article at:
[ https://www.moneycontrol.com/news/business/hindalco-sees-neutral-to-positive-impact-on-its-us-business-from-trump-tariff-12940976.html ]

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