Australian Building Stocks Fall as U.S. Denies Tariff Exemption

Wed 12 Mar 25, 02:01 AM | Team Kalkine

Image source: Shutterstock

Highlights

Shares of Australian building materials companies fell sharply on Wednesday after local media reported that the U.S. will not exempt Australia from impending steel and aluminum tariffs, reversing earlier hopes for a trade deal. The news rattled the sector, as companies that rely on these materials faced the prospect of higher costs and reduced competitiveness in global markets.

Stocks Take a Hit

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