Tuesday, June 23, 2020

The US Could Impose More Tariffs On Aluminium

Canadian cabinet ministers are staying mum on a new report that U.S. President Donald Trump is looking to impose yet another round of aluminum tariffs against Canada in apparent response to shrinking domestic demand amid the coronavirus economic slump.

Bloomberg reported Tuesday morning that the U.S. plans to re-impose a tariff of 10 per cent on Canadian aluminum coming into the U.S. by the end of the week unless the Canadian government agrees to limit aluminum exports.

The report says those tariffs on Canadian aluminum would go into effect on Canada Day.

Happy Canada Day!


No comments: