Wittbecker on aluminum: Another Trump tariff flip-flop brings more market turmoil

Last week saw more tariff turmoil as the Trump administration flip-flopped again. In case your scorecards are not up to date, here is where things stood at the end the week:

• 1. Jan. 21: Promised tariffs on Canada and Mexico
• 2. Feb. 1: Officially announced tariffs on Canada and Mexico
• 3. Feb. 3: Delayed Canada and Mexico tariffs 30 days
• 4. Feb. 27: Announced tariffs would go into effect March 4 for both countries
• 5. March 4: Implemented the 25% tariffs on Canada and Mexico from midnight
• 6. March 5: Suspended tariffs on autos for one month
• 7. March 6: Suspended broad country-of-origin tariffs for one month, provided they comply with USMCA rules of origin