Goldman Sachs sees boost in US commodities production from Trump's policies

The U.S. administration has raised aluminum import tariffs to 25 percent, kept steel tariffs at 25 percent and removed all exemptions.

Metal shavings are seen at a factory that produces steel and aluminum parts. / Reuters

U.S. energy and metals production could see a limited boost in the short run as a result of U.S. President Donald Trump's tariff plans, but a potentially bigger boost over the longer run from broader "commodity dominance" policies, Goldman Sachs said in a note on Feb. 26.

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