Aeroedge titanium cut shows unintended consequences of subsidy action

Industrials - Aero/Defense 174 Japan 520 Materials - Metals/Mining 637 Russia 89 Tariffs 1650 U.S. 4649

Aerospace component maker Aeroedge will use Japanese government subsidies to repatriate part of its titanium aluminide manufacturing process to inhouse operations in Japan instead of using a U.S. supplier. That may draw a WTO complaint from the U.S. and further increase inter-government competition in subsidizing the reshoring of manufacturing. Japanese exporters had also only recently avoided Trump administration tariffs on titanium sponge shipments. U.S. imports of raw titanium and related products dropped 45.9% year over year in the three months to Aug. 31 and hit their lowest since a...

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