Connect with us

Base Metals

U.S. lifts tariffs on Canadian aluminum

OTTAWA — The United States is standing down in its tariff dispute with Canada and lifting a 10 per cent levy on aluminum imported from north of the border. The office of the U.S. Trade Representative says it will lift the tariffs retroactive to Sept. 1 because it expects Canadian exports to “normalize” over the…

Share this article:

Published

on

This article was originally published by Canadian Investor

OTTAWA — The United States is standing down in its tariff dispute with Canada and lifting a 10 per cent levy on aluminum imported from north of the border.

The office of the U.S. Trade Representative says it will lift the tariffs retroactive to Sept. 1 because it expects Canadian exports to “normalize” over the remainder of the year.

In a statement, the USTR says it will continue to monitor trade in aluminum and reimpose the tariff if levels spike unexpectedly.

The sudden about-face comes just hours before the federal Liberal government was expected to announce a suite of countermeasures in retaliation for the tariffs.

The government had already issued a list of possible products on the target list, including beverage cans, washing machines and golf clubs.

The U.S. imposed the tariffs last month at the request of two American manufacturers, prompting an outcry from Canadian producers.

This report by The Canadian Press was first published Sept. 15, 2020.

James McCarten, The Canadian Press


Share this article:

Economics

4 Blue-Chip Stocks to Sell in October

In general, when markets trend lower, it makes sense to invest in blue-chip stocks. They tend to have a low beta and also provide regular cash flows through…

Share this article:

Continue Reading
Uncategorized

The Treasure Below

Although we have known about vast deposits of polymetallic nodules on the sea floor for nearly 150 years, their exploitation has only recently advanced…

Share this article:

Continue Reading
Companies

Emerita Resources drills 2.6% copper over 26.8 metres at IBW, Spain

Emerita Resources Corp. [EMO-TSXV; EMOTF-OTCQB; LLJA-FSE] reported additional assay results from the 2022 delineation drilling…

Share this article:

Continue Reading

Trending