US President Donald Trump sparked a global stock market rout on Thursday by saying he intended to impose 25% tariffs on imported steel and 10% on imported aluminium products. JSE-listed aluminium products maker Hulamin, whose customers include Elon Musk’s car maker Tesla, raised the alarm over the US’s growing protectionist stance in its recent results statement. "Hulamin notes with caution the proposed aluminium trade restricting recommendations issued by the US commerce secretary on February 16 that may impose value and/or volume constraints on aluminium imports into the US. With 20% sales exposure to the US, these recommendations may impact on Hulamin if and when adopted," the local manufacturer said. But Hulamin’s share price jumped 13% to R5.20 on Thursday — possibly because the market believes the tariffs will be aimed at China, Canada, and Europe rather than SA. Tokyo’s Nikkei 225 index was down 2.75% on Friday, Seoul’s Kospi index was down 1.3%, Hong Kong’s Hang Seng was dow...

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