The U.S. Commerce Department has ruled Chinese exports of aluminum sheet have been subsidized in the first “self-initiated” case brought by the Trump administration. The product will also receive an additional 10% duties due to the section 232 review of the broader industry, and will be a test case for the success of self-initiated cases. Chinese exports to the U.S. spiked in January to 2.8x the level of the prior three months, but by March had fallen 47% from January’s level. Consumers will pay the price though, with the average import value per ton – a proxy for price – having risen by...