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U.S. Removes Canada Aluminum Tariffs Amid Retaliation Threat

Published 09/15/2020, 01:10 PM
Updated 09/15/2020, 01:27 PM
© Bloomberg. Rows of aluminum coils sit on the floor of the Arconic Inc. manufacturing facility in Alcoa, Tennessee, U.S., on Tuesday, Jan. 24, 2017. Arconic Inc. is scheduled to release earnings figures on January 31.

(Bloomberg) -- The U.S. announced the removal of aluminum tariffs it slapped on Canada last month.

The decision comes a month after the administration reimposed 10% tariffs on some aluminum from Canada, citing a “surge” of imports coming from the country. During the summer, U.S. Trade Representative Robert Lighthizer expressed concern about recent struggles by American aluminum producers hurting from the flow of metal into the U.S.

Canada threatened a dollar-for-dollar retaliation that was expected to be announced Tuesday. All of this comes in the shadow of President Trump’s re-election efforts, in which major polls show him trailing Democratic nominee Joe Biden in key battleground states.

©2020 Bloomberg L.P.

Latest comments

🤣🤣🤣🤣I thought they don't care?! 🤣🤣🤣
Coercion first, chicken out next, always shameless.
The US cannot produce the amount of aluminum it needs. It has to come from somewhere...
They know that, but the reason it was reversed was because of Canadian retaliation. Not because of there consumption needs. But yes, like Columbian coffee they have to purchase raw materials at whatever price they can get for them.
Childish game?
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