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International Business Times
International Business Times
Business

Steelmaker ArcelorMittal Warns Of Uncertainty

ArcelorMittal's global production footprint would help it benefit from tarif measures but the overall economic uncertainty could be bad for business (Credit: AFP)

Steelmaker ArcelorMittal warned Wednesday that tariff uncertainty could cause further economic disruption as its global footprint helped it weather the turbulence in the first quarter.

The Trump administration has slapped 25 percent tariffs on imports of aluminium and steel, but its wider tariff measures on its major trade partners -- many of them on hold as negotiations are under way -- threaten to stall global economic growth as both businesses and consumers hold back on purchases.

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