Trump Starts Probe Into Aluminum That China Calls Protectionist
- Shares in Alcoa and Century jumped after U.S. move announced
- China says it will ‘deliberately’ obstruct normal trade flow
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The Trump administration, invoking powers the U.S. hasn’t used in more than a quarter century, began a probe into Chinese aluminum imports that could lead to tariffs.
The Commerce Department is taking the unusual step of initiating the case itself, rather than going through the regular route of starting an investigation based on petitions filed by U.S. companies. Shares in Alcoa Corp. and Century Aluminum Co. jumped on Tuesday.