How Biden’s Win Affects Commodities Hit by Trade Wars, Tariffs – by Joe Deaux (Bloomberg News – November 8, 2020)

(Bloomberg) — It’s been a tumultuous four years for U.S. commodity industries that found themselves a key focus of the White House through its aggressive trade policy agenda.

From steel and aluminum tariffs to grain subsidies to boosting exports of liquefied natural gas, very few corners of the global commodities market eluded Donald Trump’s attention.

There was at least one memo, executive order, pronouncement or tweet bringing some sort of attention to uranium, soybeans, and rare earths, the kinds of materials that haven’t received attention from American presidents in years.

Now, with Joe Biden winning the election, how will the next U.S. president diverge from his predecessor, and where he might keep the status quo?

Steel and Aluminum

The biggest issues in steel and aluminum are very similar, given these two industries — especially steel — were a top priority for the Trump administration.

For the rest of this article: